Pharmaceutical-services provider AmerisourceBergen ( ABC) said its Canadian subsidiary has agreed to acquire the drug distributor Rep-Pharm.

Rep-Pharm distributes drugs mostly to retail pharmacies in Ontario, Quebec and Alberta. While the specific terms of the acquisition weren't disclosed, AmerisourceBergen says Rep-Pharm brought in revenue of more than $600 million in the last 12 months.

After completing the acquisition, AmerisourceBergen said its Canadian pharmaceutical-distribution business will have more than $1.4 billion in annualized sales and occupy the No. 2 position in Canada. "The acquisition also continues AmerisourceBergen's strategic focus on the pharmaceutical supply channel," CEO R. David Yost said in a press release

The deal, which is expected to close by Sept. 30, probably won't be material to earnings. AmerisourceBergen's shares added 7 cents to $41.87 Wednesday.

If you liked this article you might like

Nationwide Egg Recall Expanded

Nationwide Egg Recall Expanded

10 Toy Fads That Have Faded

10 Toy Fads That Have Faded

Boomers Feel Recession Burden, Blame

Boomers Feel Recession Burden, Blame

KFC Franchisees Want 'Fried' to Be the Focus

KFC Franchisees Want 'Fried' to Be the Focus

Heavy Weights: More Expensive, Less Effective

Heavy Weights: More Expensive, Less Effective