McKesson Corporation (ticker: MCK, exchange: New York Stock Exchange (.N))
News Release -
McKesson Corporation Awarded Pharmaceutical Distribution Business for Spartan Stores, Inc.
SAN FRANCISCO, Aug 14, 2002 (BUSINESS WIRE) -- McKesson Corporation announced
today that it has signed a comprehensive pharmaceutical distribution agreement
with Spartan Stores, Inc., a premier regional grocery/drugstore retailer and
wholesale distributor based in Grand Rapids, Mich. Under the terms of the
agreement, McKesson will be the primary supplier of pharmaceuticals to Spartan
Stores' pharmacies and affiliate members.
"We are pleased to partner with McKesson, a total healthcare company," commented
Don Clark, Divisional Vice President, Pharmacy, Spartan Stores, Inc. "As our
business grows and we develop and meet our strategic goals, it is important to
partner with a company that understands and can competently adapt to the
changing healthcare environment."
"Our world-class solutions that enhance supply management and distribution
systems made us an attractive choice for Spartan Stores," remarked Jack Fragie,
executive vice president, National Accounts, McKesson Pharmaceutical. "We are
confident that our product consistency, quality, innovation, and high customer
service levels will add value and assist Spartan Stores in increasing
efficiencies and meeting their strategic goals."
Based in Grand Rapids, Mich., Spartan Stores, Inc. owns and operates 100
supermarkets and 25 deep-discount drug stores in Michigan and Ohio, including:
Ashcraft's Markets, Family Fare Supermarkets, Food Town, Glen's Markets, Great
Day Food Centers, Prevo's Family Markets and the Pharm. The company also
distributes more than 40,000 private-label and national brand products to more
than 330 independent grocery stores and serves as a wholesale distributor to
6,600 convenience stores.
McKesson Corporation is the leading provider of supply, information and care
management products and services designed to reduce costs and improve quality
across healthcare. McKesson solutions empower healthcare professionals with the
tools they need to deliver care more effectively and efficiently. Founded in
1833, with annual revenues of more than US $50 billion, McKesson ranks as the
31st largest industrial company in the United States. For more information visit
our website at http://www.mckesson.com.
Patrice Smith, 415/983-9262
Spartan Stores, Inc.
Jeanne Norcross, 616/878-2305
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