Rank: 29 (Previous rank: 27)
CEO: Steven H. Collis
Was this company a 2011 top stock?
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The Valley Forge, Pa.-based wholesale drug distributor seems to have a hole burning in its corporate pocket. AmerisourceBergen gave shareholders two dividend bumps and repurchased $841 million in common stock during its 2011 fiscal year. The company has also had its eye on acquisitions, aiding its plans to bolster its niche services and expand overseas. The company announced that it would acquire pharmaceutical transportation firm World Courier Group Inc. for $520 million in March of this year. They also announced the purchase of pharmaceutical services company TheraCom from CVS Caremark for $250 million and healthcare IT company IntrinsiQ for $35 million in September 2011.
Amid all of this activity, AmerisourceBergen has also gone through a changing of the guard. R. David Yost retired as CEO in July 2011 after 14 years at the helm, handing over the reins to president and COO Steven Collis.
Industry: Wholesalers: Health Care