Drugstore chain Walgreen's fiscal second-quarter earnings climbed 11 percent, helped by contributions from European health and beauty retailer Alliance Boots, a business sale gain, and its new contract with Express Scripts Holding Co.
The Deerfield, Ill., company also said Tuesday that it is expanding a supply agreement with AmerisourceBergen Corp. with a deal that gives it and Alliance Boots an ownership stake in the pharmaceutical wholesaler.
A Walgreen spokesman said AmerisourceBergen will replace primarily Cardinal Health Inc. in supplying pharmaceuticals. Previously, AmerisourceBergen had supplied only some specialty drugs for Walgreen, the nation's largest drugstore chain.
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