A day after completing its $40.5 billion purchase of Allergan’s generic pharmaceuticals business, Teva Pharmaceutical Industries Ltd. has entered into a definitive agreement to purchase Anda Inc., a subsidiary of Allergan, for $500 million.
Anda is the fourth largest distributor of generic pharmaceuticals in the U.S.
The Weston, Florida, company distributes generic, brand, specialty and over-the-counter pharmaceutical products from more than 300 manufacturers to retail independent and chain pharmacies, nursing homes, mail order pharmacies, hospitals, clinics and physician offices.
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As part of the deal, Teva will acquire distribution centers in Weston; Olive Branch, Mississippi; and Groveport, Ohio; which combined have a total of more than 650 employees.
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