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Rexall pharmacy chain put up for sale as American owner rethinks Canadian footprint, sources say

Summary by Ground News
McKesson Corp. is looking to unload Rexall and has been in contact with prospective buyers, according to two sources familiar with the sale process. The pharmacy business is a challenging one in Canada because governments regulate drug prices. Operational costs have also jumped because of inflation and a pharmacist shortage.

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
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The Globe & Mail broke the news in Canada on Friday, January 12, 2024.
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