Walgreens 2013 Annual Report Download - page 18

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As part of the effort to maximize this strategic partnership, Walgreens and
Alliance Boots set up a joint venture called Walgreens Boots Alliance
Development GmbH, based in Bern, Switzerland. The joint venture is focused
on capturing synergies between the two companies – in other words, sharing best
practices, and combining scale and capabilities to become more efficient together.
Currently, synergy capture is focused primarily on procurement, including pharma-
ceuticals, consumer products and goods not for resale. The two-step deal is
structured to allow Walgreens and Alliance Boots to come together over time and
integrate, while continuing to drive their independent strategies in the first couple of
years of collaboration. The Walgreens Boots Alliance Development GmbH team has
been hosting executives from both generic and branded pharmaceutical companies
at the joint venture’s headquarters to collaborate on future opportunities.
Jeff Berkowitz, photographed here in Bern, came from Walgreens and is now
co-president of Walgreens Boots Alliance Development GmbH, along with
John Donovan from Alliance Boots. “We’ve been talking to brand and generic
pharmaceutical companies, consumer goods companies and other vendors
about the benefits of bringing our two companies together,” says Berkowitz.
“They’re definitely seeing the potential value of our global enterprise.
It’s exciting to be in front of our customers talking about our new partnership.
They’re interested in the scale and volume of what we’re doing, especially
because it will also make it easier for them to grow their own businesses.”
16 2013 Walgreens Annual Report
Alphega Pharmacie is a leading network of independent
pharmacists in Europe owned by Alliance Boots.
Initially launched in 2001, it now supports more than 4,700
independent pharmacy members across six countries –
the Czech Republic, France, Italy, Spain, Russia and the UK.
As part of its extended virtual network, Alliance Healthcare
also works with independent pharmacists in both Germany
and in the Netherlands.