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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Bergen Lands Another Big Contract, for $400 Million

February 01, 2001|Bloomberg News

Bergen Brunswig Corp., the third-biggest U.S. drug wholesaler, said Wednesday that it signed a five-year contract valued at $400 million with Comprehensive Pharmacy Services Inc. for pharmaceuticals and other services.

Bergen, based in Orange, said in a press release that it will supply drugs to hospital, psychiatric and correctional facilities that are customers of Comprehensive Pharmacy, a closely held provider of pharmacy services based in Memphis, Tenn.

The deal follows one announced Tuesday in which Bergen will sell generic drugs to Costco Wholesale Corp. under a four-year contract valued at $220 million.

Bergen's stock price lost 65 cents to close at $18.20 a share on the New York Stock Exchange.

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