Birch Hill Equity has signed an agreement to acquire Rexall Pharmacy Group from McKesson Corp. Financial details of the acquisition have not been disclosed.
Rexall operates 385 pharmacies across Canada and Well.ca, and employs approximately 8,000 team members.
Well.ca is a one-stop destination offering customers more than 40,000 delivered health and wellness products.
Birch Hill says it plans to maintain and invest in reliable, accessible health care services to expand Rexall’s network of pharmacies across Canada.
The private equity firm says McKesson will remain Rexall and Well.ca’s wholesale distribution supplier, to ensure a smooth transition for the business.
