Navigation Links
H. D. Smith Completes Valley Wholesale Drug Acquisition
Date:11/2/2012

SPRINGFIELD, Ill., Nov. 2, 2012 /PRNewswire/ -- H. D. Smith, among the nation's largest pharmaceutical wholesalers, today announced that it completed the acquisition of Valley Wholesale Drug. Under the terms of the agreement, Valley Wholesale Drug will be run as a wholly owned subsidiary of H. D. Smith. Day-to-day operations of the subsidiary will be run by Stephen Shoneff, former CEO of Valley, out of the Stockton, California facility.

(Logo: http://photos.prnewswire.com/prnh/20121015/NY93014LOGO )

"The close of the acquisition of Valley Wholesale Drug marks a significant step in our strategy to continue growing our national footprint to serve more independent pharmacists across the country – especially in the critical market of California, and moving forward, into the Pacific Northwest," said Dale Smith, chairman and chief executive officer, H. D. Smith. "We will continue to focus on exceptional service to our core customers – the Retail Independent Pharmacy – and we will be well-served to execute on this objective under the leadership of Stephen Shoneff, who has managed the Valley Wholesale Drug business successfully during the last 26 years."

About H. D. Smith
Headquartered in Springfield, Illinois, H. D. Smith is among the largest national full-line, full-service wholesalers providing a complete line of pharmaceuticals, OTCs, HBAs, home healthcare products, durable medical equipment, seasonal merchandise and a wide array of marketing programs to retail pharmacies, regional chains and health systems. The company has distribution facilities in California, Florida, Kentucky, Illinois, New Hampshire, New Jersey and Texas that service major markets throughout the United States.  Additional information about H. D. Smith can be found at hdsmith.com.  Assisting H. D. Smith with this deal were Schiff Hardin LLP, legal advisors and Mueller Prost as financial advisors.

About Valley Wholesale Drug
Valley Wholesale Drug is a family owned regional healthcare distributor serving over 600 independent pharmacy and institutional customers in California with a few in Nevada.  Valley also has distribution licensing in the state of Washington. The Company's headquarters and sole distribution center are in Stockton, California and it currently employs 75 associates, 10 of which are sales associates. Valley Wholesale Drug also brings strong operational and financial performance to the H. D. Smith family of companies – in 2011 the Company achieved $130 million in annual revenue.  Assisting Valley Wholesale Drug with this deal was Ernst & Young Capital Advisors, LLC, as financial advisor.

Mark Marmur
Makovsky + Company, Inc.
212-508-9670
mmarmur@makovsky.com

Carolyn Webb
H. D. Smith
217-747-8125
carolyn.webb@hdsmith.com


'/>"/>
SOURCE H. D. Smith
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. GlaxoSmithKline Sales Down in Q3 against Good Underlying Momentum in the Business
2. Tina Fehr, Senior Product Manager For AmLactin, Upsher-Smith Laboratories Named PM360 Trailblazer Winner For Womens Health Brand Manager
3. H. D. Smith Names Timothy Booth Corporate VP, Home Healthcare (HHC), In First-of-its-Kind Leadership Appointment
4. Upsher-Smith Teams Up With Epilepsy Foundation of Minnesota for 2012 Stroll for Epilepsy
5. Law Office of Brodsky & Smith, LLC Announces Settlements of Yaz, and Yasmin Cases
6. The SSI Group, Inc. President and CEO Bobby Smith Announces Retirement
7. Law Office of Brodsky & Smith, LLC Announces Investigation of Amylin Pharmaceuticals, Inc.
8. Grant & Eisenhofer Represents Key Whistleblower in Justice Dept.s $1.04 Billion Civil Settlement with GlaxoSmithKline
9. GlaxoSmithKlines (GSK) $3 Billion Whistleblower Settlement Has Paid for One Of Americas Most Expensive Failed Corporate Internal Investigations, Qui Tam Whistleblowers Attorneys Say
10. GlaxoSmithKline Share Their Insight on Understanding DDI With a View to Better Prediction and Control
11. GlaxoSmithKline Employees Embark on Long-Term Volunteer Assignments throughout the World
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/27/2017)... YORK , Sept. 27, 2017  DarioHealth Corp. (NASDAQ: DRIO), a ... today announced that its MyDario product is expected to appear on The ... when The Dr. Oz Show airs in your area: http://www.doctoroz.com/page/where-watch-dr-oz-show ... The nine-time Emmy award-winning, The Dr. Oz ... The ...
(Date:9/23/2017)... , Sept. 22, 2017 Janssen Biotech, ... complete response letter from the U.S. Food and Drug ... approval of sirukumab for the treatment of moderately to ... indicates additional clinical data are needed to further evaluate ... to severely active RA. ...
(Date:9/19/2017)... -- HistoSonics, Inc., a venture-backed medical device company developing a non-invasive, robotically assisted, platform therapy ... team developments today:   ... ... Tom Tefft ... Veteran medical device executive Josh Stopek , PhD, who has led R&D ...
Breaking Medicine Technology:
(Date:10/12/2017)... WILMINGTON, Del. (PRWEB) , ... October 12, 2017 ... ... technology and advisory services for healthcare compliance program management, will showcase a range ... and National Association for Assisted Living (NCAL) Convention and Expo to be held ...
(Date:10/12/2017)... PALM CITY, Fla. (PRWEB) , ... October 12, 2017 , ... ... of cold therapy products, announced today the introduction of an innovative new design of ... the multipurpose pad so you get maximum comfort while controlling your pain while using ...
(Date:10/12/2017)... ANGELES (PRWEB) , ... October 12, 2017 , ... ... Parsa Mohebi Hair Restoration, has recently contributed a medical article to the newly ... on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... one of Michigan’s 2017 Best and Brightest in Wellness® by Best and Brightest. ... awards program on Friday, Oct. 20 from 7:30 a.m. to 2 p.m. at ...
(Date:10/12/2017)... Washington, D.C. (PRWEB) , ... October 12, 2017 ... ... Company, Cal Dining at the University of California Berkeley, and other leading institutions ... leverages the buying power of institutions to change the way animals are raised ...
Breaking Medicine News(10 mins):