Tuesday, February 27, 2007

Sask. pharmacy owners sell UPE

I suppose it's a sign of the times: a pharmacist-owned wholesale company sells out to one the big players in the wholesale business. Hopefully the pharmacists/shareholders get a good return on their investment, but it's unfortunate that Saskatchewan pharmacists have one less option to buy their pharmaceuticals.

From the Saskatoon Star Phoenix:
A group of Saskatchewan pharmacy owners have decided it's time to wind down their Saskatoon-based pharmaceutical distribution company and tap into a much larger supply chain.

The pharmacist-shareholders of United Pharmacists Enterprises Ltd. (UPE) announced Monday that the company is being sold to McKesson Canada. The sale will mean the loss of about 50 full-time and 15 part-time jobs at the UPE distribution centre on 45th Street East in Saskatoon's north end. ...more

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