AmerisourceBergen completes divestiture of AndersonBrecon

AmerisourceBergen Corporation (NYSE: ABC) today announced that it has completed the previously announced divestiture of its contract packaging business, AndersonBrecon, to an entity formed by affiliates of an investor group led by Frazier Healthcare VI, L.P. for the purpose of acquiring AndersonBrecon.

This content was submitted directly to this website by the supplier.

May 16th, 2013

The purchase price for the transaction was $308 million in cash, subject to customary adjustments for, among other things, the working capital of the business. The investor group includes affiliates of Greenspring Associates, QIC Global Private Equity, and Thomas McNerney & Partners.

The results of operations of AndersonBrecon are reported within discontinued operations. Therefore, the completion of the divestiture has no impact on AmerisourceBergen's financial performance expectations for fiscal 2013, which were updated on April 25, 2013. Any gain on the sale of AndersonBrecon will be recorded within discontinued operations, and is excluded from our updated fiscal 2013 financial expectations.

AndersonBrecon

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