COSTA MESA, Calif., April 26, 2006 (PRIMEZONE) -- AmerisourceBergen Corporation (NYSE:ABC) through its wholly owned subsidiary, AmerisourceBergen Canada Corporation, purchased the assets of privately held Asenda Pharmaceutical Supplies Ltd. and a related entity of Richmond, British Columbia.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Asenda Pharmaceutical Supplies Ltd.
"Aligning with AmerisourceBergen enhances Asenda's ability to effectively contend in this highly competitive market," said John Dorey, senior managing director of RSM EquiCo Capital Markets.
"Asenda is a logical expansion of our pharmaceutical distribution business in Canada and continues AmerisourceBergen's strategic focus on the pharmaceutical supply channel," said R. David Yost, AmerisourceBergen chief executive officer.
About RSM EquiCo
RSM EquiCo (www.rsmequico.com) is a global provider of investment banking services to private companies with annual revenues of up to $500 million. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo is part of RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
RSM EquiCo Capital Markets LLC is licensed by the SEC (Securities & Exchange Commission) and all state securities authorities, and is a member of the NASD (National Association of Securities Dealers) and SIPC (Securities Investor Protection Corporation).
RSM EquiCo's international headquarters are located in Costa Mesa, California. It also has offices in Chicago, Boston, New York, London and Coral Springs, Fla.
Asenda Pharmaceutical Supplies Ltd.
Asenda Pharmaceutical Supplies Ltd. is a wholesaler of pharmaceutical and health care products in British Columbia and Alberta, Canada. The company distributes brand name and generic prescription drugs, over-the-counter drugs, home health care products, and pharmaceutical supplies to independent and chain pharmacies. Asenda Pharmaceutical Supplies has earned a solid reputation with its twice-daily delivery and responsive customer service. The company operates a 76,000-square-foot distribution facility and stocks over 13,000 SKUs, including products from pharmaceutical companies such as Pfizer, Merck, GlaxoSmithKline and Bayer. Founded in 1997, the company has approximately 100 employees and has generated $172 million in revenue over the last 12 months.
AmerisourceBergen Corporation
AmerisourceBergen Corporation is one of the world's largest pharmaceutical services companies serving the United States, Canada and select global markets. Servicing both pharmaceutical manufacturers and health care providers in the pharmaceutical supply channel, the company provides drug distribution and related services designed to reduce costs and improve patient outcomes. AmerisourceBergen's services include pharmacy automation and pharmaceutical packaging; pharmacy services for skilled nursing and assisted living facilities; reimbursement and pharmaceutical consulting services; and physician education. AmerisourceBergen has more than $54 billion in annual revenue and is ranked No. 23 on the Fortune 500 list. The company is based in Valley Forge, Pa., and employs more than 13,000 people.