McKesson Canada closes Uniprix deal, appoints leader

ST-LAURENT, Quebec — McKesson Canada announced Wednesday that it has completed the previously announced acquisition of all outstanding shares of Uniprix. This follows regulatory approval obtained from the Competition Bureau of Canada and other customary closing conditions.



To lead the operation, McKesson Canada named Alain Arel president, Uniprix and Proxim. McKesson Canada also announced the nomination of Alain Arel as president, Uniprix and Proxim, effective immediately. Arel will continue reporting to Rick Brennan, SVP Retail Banner Group, and assume overall leadership responsibility for McKesson Canada's Retail Banner Group segment in Quebec, including Uniprix and Proxim.



"Today's announcement marks a milestone for McKesson Canada, Uniprix and Proxim," stated Paula Keays, president McKesson Canada. "Together, we will leverage our shared expertise to deliver better care and value to patients across the province and strengthen independent pharmacy in Quebec."



"It is a privilege to take on this exciting new role" Arel said. "With McKesson Canada, Uniprix will be able to ensure a positive future for independent pharmacists and continue to be a destination of choice for health care in Quebec."



Philippe Duval, president and CEO of Uniprix, will continue in a senior advisory role to ensure a smooth transition.



Individual pharmacies will remain independently owned and continue to operate under the existing Uniprix brand.