Feb 12, 2018 - Health

Walgreens considers buying AmerisourceBergen

A Walgreens sign in front of the store.

Walgreens may take over drug distributor AmerisourceBergen. Photo: Joe Raedle / Getty Images

Pharmacy chain Walgreens Boots Alliance is in early talks to buy out AmerisourceBergen, one of the big three drug distributors, the Wall Street Journal reports. Walgreens already owns a 26% stake in the company.

Why it matters: The combined company would be gigantic, with about $276 billion in annual revenue. Only Walmart would be bigger among U.S. companies. The deal would also house pharmacies and drug distribution under one roof — yet another instance of the health care industry's merger frenzy as companies rush to build scale and fend off any Amazon entrance.

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