Rexall (Canada)
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| Rexall | |
Company type | Unlimited liability corporation |
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| Headquarters | Mississauga, Ontario, Canada |
Number of locations | 400 (2022) |
Key people | Ron Wilson (President) |
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| Owner | Birch Hill Equity Partners (2024–present) |
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| Parent | Katz Group of Companies (1996–2016) McKesson Canada (2016–2024) Birch Hill Equity (2024-present) |
| Website | www |
| Footnotes / references [1] | |
Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".Rexall Pharmacy Group ULC is a chain of retail pharmacies in Canada. Founded in 1904, Rexall has almost 400 pharmacies across Canada with 8,000 employees.[2]
History
Rexall was founded in 1904 during the early days of the United Drug Company and quickly established itself as a major retail pharmacy chain. At the same time, Tamblyn Drugs was establishing itself in Toronto, Ontario, and would eventually become Pharma Plus. These two companies would later merge to form the Rexall Pharmacy Group.[3]
McKesson Canada purchased Rexall in December 2016 for $3 billion from the Katz Group of Companies.[4] At the time, it was estimated that Rexall had an average annual revenue of approximately $2.0 to $2.5 billion.[5] Around this period, one of the major rival pharmacies in Canada was Shoppers Drug Mart.[6]
In 2018, the president of Rexall at that point, Beth Newlands Campbell, announced that the Pharma Plus brand would be discontinued and all stores would be converted to Rexall in order to create a more consistent look for the chain.[7]
The company was in partnership with Air Miles, which Rexall accepted as a loyalty program. In May 2020, Rexall discontinued its partnership with Air Miles as a loyalty program at its stores and created its own loyalty program called Be Well, with which customers can collect points in order to redeem in-store items, similar to Air Miles.[8]
In January 2024, The Globe and Mail reported that McKesson had begun exploring the possibility of selling Rexall to potential buyers.[9] On September 5, Birch Hill Equity Partners (BHEP) announced that it has signed a definitive agreement with McKesson Corporation to acquire Rexall Pharmacy Group.[10]
On December 20, 2024, BHEP completed the purchase of the company.[11]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."About the Company". Rexall. Retrieved February 2, 2018.
- ^ Page Module:Citation/CS1/styles.css has no content."About the Company". www.rexall.ca. Retrieved August 29, 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Rexall.ca | Company". www.rexall.ca. Retrieved September 22, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."Rexall drug store chain to be sold to McKesson in $3 billion deal". Financial Post. Retrieved September 22, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content.Shaw, Hollie (March 3, 2016). "Rexall drug store chain to be sold to McKesson in $3 billion deal". Financial Post. Retrieved August 29, 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Rexall takeover shakes up Canada's drugstore industry". Retrieved September 22, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content.Strauss, Marina (May 21, 2018). "How Rexall plans to slim down for healthier profit in a competitive market". The Globe and Mail. Retrieved September 8, 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Rexall drops Air Miles to launch its own loyalty program". Retrieved September 22, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."Rexall pharmacy chain put up for sale as American owner rethinks Canadian footprint, sources say". The Globe and Mail. January 11, 2024. Retrieved January 14, 2024.
- ^ Page Module:Citation/CS1/styles.css has no content.Partners, Birch Hill Equity. "Rexall and Well.ca to be acquired by Birch Hill Equity Partners". www.newswire.ca. Retrieved September 5, 2024.
- ^ Page Module:Citation/CS1/styles.css has no content."McKesson completes sale of Rexall and Well.ca businesses to Birch Hill". Private Capital Journal. Retrieved January 23, 2025.
External links
- Page Template:Sister-inline/styles.css has no content.Script error: No such module "Sister project logo". Media related to Script error: No such module "Commons link". at Wikimedia Commons
- Official website
