Katz Group is a privately owned enterprise in Canada, with lines of businesses outside of healthcare, including real estate, sports and entertainment, and public and private investments. Katz Group will continue to invest in these areas following the acquisition.
McKesson plans to acquire all of Rexall Health’s business, which includes 470 retail pharmacies.
“For over one hundred years in Canada, McKesson has helped build a strong network of independent pharmacies,” said Alain Champagne, president of McKesson Canada. “With the acquisition of Rexall Health, McKesson will continue to deliver value-added pharmacy solutions through an expanded portfolio, while providing operational excellence to small business owners, independent pharmacists and our pharmaceutical distribution customers.”
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