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:4/20/2017)... --  ZappRx, Inc ., a digital health company focused on ... it closed $25 million in Series B funding led by ... Seattle that is part of a ... B round included participation from SR One , who ... (formerly Google Ventures). As part of the financing, ...
(Date:4/20/2017)... 20, 2017 Research and Markets has ... Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, ... their offering. ... pharmacogenomics market was valued at US$ 7,167.6 Mn in 2015, ... expanding at a CAGR of 5.6% from 2016 to 2024. ...
(Date:4/20/2017)... , April 20, 2017 NeuroVive Pharmaceutical ... today announced positive preclinical results demonstrating anti-fibrotic ... for non-alcoholic steatohepatitis (NASH), in an additional ... NV556 has previously shown similar anti-fibrotic ... Today, NeuroVive,s scientists present novel data demonstrating ...
Breaking Medicine Technology:
(Date:4/25/2017)... Fl (PRWEB) , ... April 25, 2017 , ... There ... Memorial Regional Hospital, according to a special report in the May issue of Consumer ... its highest quality ranking for results achieved during and after coronary bypass and ...
(Date:4/24/2017)... ... April 24, 2017 , ... LG CNS ... Own Device (BYOD) capabilities at Telehealth 2.0, the American Telemedicine Association’s national conference. ... pairs medical devices with a pre-programmed tablet in a remarkably easy-to-use kit for ...
(Date:4/24/2017)... (PRWEB) , ... April 24, 2017 , ... As part ... Museum today to honor the victims of the Holocaust and Nazi persecution, Center ... at Hadamar and Auschwitz on its CMATH Champions trip to Germany and Poland next ...
(Date:4/24/2017)... Calif. (PRWEB) , ... April 24, 2017 , ... The ... $1.6 million in charitable dental services to 1,961 people during the April 22-23 event ... at no charge to Californians who experience barriers to care, CDA Cares educates the ...
(Date:4/24/2017)... Boca Raton, Florida (PRWEB) , ... April 24, ... ... that develops a variety of unique liquid food supplements, announced its popular products ... of nutritional products. , ALP Nutrition® prioritizes the use of premium natural ...
Breaking Medicine News(10 mins):