Equity Method Investments

Our equity method investments enable us to extend our healthcare solutions and convenience offering to the communities we serve.

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Strategic Investments

AmerisourceBergen Corporation

AmerisourceBergen Corporation, headquartered in Valley Forge, Pennsylvania, U.S., is one of the largest* global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. Walgreens Boots Alliance owns approximately 28 percent of AmerisourceBergen**. The net earnings attributable to this investment are classified within the operating income of the company’s Pharmaceutical Wholesale segment.

Our company has additional equity method investments** including in the following companies:

Guangzhou Pharmaceuticals Co. Ltd

Guangzhou Pharmaceuticals Co. Ltd is one of the largest* pharmaceutical wholesalers in China, based in the Guangdong province.

Nanjing Pharmaceutical Company Limited

Nanjing Pharmaceutical Company Limited, is one of the largest* pharmaceutical wholesalers in China, based in the Jiangsu province. The company is listed on the Shanghai Stock Exchange.

Sinopharm Holding GuoDa Drugstores Co., Ltd.

GuoDa is a leading retail pharmacy chain in China with more than 7,500 retail pharmacies across around 75 cities. Headquartered in Shanghai, it employs more than 30,000 people and was established in March 2004***.


VillageMD, through its subsidiary Village Medical, is a leading U.S. provider of value-based primary care services. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care.

PharMerica Corporation

Headquartered in Louisville, Kentucky, PharMerica Corporation is a leading provider of institutional and community-based pharmacy services. The company serves the long-term care, senior living, hospital, home infusion, behavioral, specialty and oncology pharmacy markets, operating 96 institutional pharmacies, 20 specialty home infusion pharmacies and five specialty oncology pharmacies in 45 states.



*Based on publicly available information, sourced Aug. 31, 2020.
**Based on shares outstanding as of Aug. 31, 2020.
***Based on information provided by GuoDa, sourced Aug. 31, 2020.