The lawsuit alleged that the company's actions helped fuel Oklahoma's opioid crisis. AmerisourceBergen Co. ( NYSE:ABC - Get Rating) CEO Steven H. Collis sold 11,480 shares of the firm's stock in a transaction that occurred on Tuesday, October 11th. AmerisourceBergen was formed in 2001 following the merger of AmeriSource Health Corporation and Bergen Brunswig Corporation. Steven went to University of Witwatersrand, Johannesburg to earn his degree in BCom (Hons). In June 2020, the U.S. Department of Health and Human Services (HHS) announced an unusual agreement for the distribution of remdesivir, the first coronavirus drug. Apart from AmerisourceBergen, Collis is presently a board member to a couple other organizations. The suit was filed along with lawsuits against Cardinal Health and McKesson, and the three lawsuits allege that the three companies provided "enough opioids to Bryan County that every adult resident there could have had 144 hydrocodone tablets. Steven H. Collis was elected president and CEO in 2011 and chairman in 2016. Industry: Biotech & Pharmaceuticals. In 2012, AmerisourceBergen acquired World Courier, the premier global specialty provider of transportation, storage and distribution services for global clinical trials. A 1961-born, he came to the US in 1988. Collis: The company I started with years ago was, to be honest, a narrowly US-centric organization.As a native of South Africa, I stood out as an anomaly. For companys funding and investor related information, you need to wait till the next update. He was also a board member of Thoratec Corp from 2008 until 2015. Apart from AmerisourceBergen, Collis is presently a board member to a couple other organizations. AmerisourceBergen's key executives include Steven H. Collis and 14 others. Theres a growing trend of companies lately appointing younger CEOs. Collis attended and received his Bachelors Degree at the University of Witwatersrand in Johannesburg. Collis view on healthcare is simple; he believes that Americans have more in common that what people think, and that healthcare really shouldnt be a debate. The stock price has approximately tripled since 2011. Here are further demographic highlights of the leadership team: The AmerisourceBergen executive team is 29% female and 56% male. . For AmerisourceBergen, hiring the next CEO was natural. Health Economics, Market Access & Regulatory Consulting, Patient Access, Affordability & Adherence Services, Global Storage, Transport & Outsourced Logistics. At AmerisourceBergen and through our family of companies, we ensure that crucial medications efficiently, reliably and securely reach their destinations every day. Collis succeeded Yost after he left the position back in 2011. The roots of pharmaceutical wholesaling go back over 100 years and AmerisourceBergen is an amalgam of many companies. We recognize that our work is essential in advancing the treatment and prevention of COVID-19 and are dedicated to supporting our associates, customers, partners and patients at this . Mr. Collis earned a Bachelor of Commerce with Honors degree from the University of Witwatersrand in Johannesburg, South Africa. In 2017, AmerisourceBergen was estimated to have a net worth of around 17.31 billion USD. Amerisourcebergen Corp (NYSE:NYSE:ABC) Q3 2022 Earnings Conference Call August 03, 2022, 08:30 ET Company Participants Bennett Murphy - SVP, IR Steven Collis - Chairman, President & CEO. AmerisourceBergen is ranked #27 on the Fortune 500 list. He believes that healthcare is one of the most humbling professions to be in, especially pharmaceuticals. To be perfectly honest, you probably know a thing or two about the game even if you havent touched a video, Read More How Much is the Space Invaders Franchise Worth?Continue. He worked at AmerisourceBergen for a while. He was elected president and CEO in 2011 and chairman in 2016. In addition to serving as chairman of AmerisourceBergens board of directors, he serves on the board of the International Federation of Pharmaceutical Wholesalers. In November 2010, Collis was . CEO Steven H. Collis Website www.amerisourcebergen.com Company Type Public Ticker ABC Revenues ($M) $213,988.8 Profits ($M) $1,539.9 Market Value ($M) $29,972 Employees 40,000 Figures are for. Male: 83 Female: 74 The Operations department at AmerisourceBergen rate the CEO the highest. AmerisourceBergen Corporation is an American drug wholesale company that was formed by the merger of Bergen Brunswig and AmeriSource in 2001. [4][5], AmerisourceBergen was formed in 2001 following the merger of AmeriSource Health Corporation and Bergen Brunswig Corporation. What are some additional names or alternative spellings that users use while searching for AmerisourceBergen? AmerisourceBergen (NYSE:NYSE:ABC) F4Q10 Earnings Call November 02, 2010 11:00 am ET Executives R. He plays golf with his youngest and tries to instill in him a love for the sport. He held various positions within the company starting with being hired as the Senior Vice President back in 2001. (Recommended: McKesson CEO Email & Net Worth John Hammergren). However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. He is a friendly person and keeps in touch with people on Facebook. [19], AmerisourceBergen is among several distributors that have been sued by West Virginian governments for contributing to the Opioid epidemic, by shipping inordinate amounts of pain medication into the state. Before he became the President and CEO of the company, Steve Collis was appointed the President and Chief Operating Officer at AmerisourceBergen Corporation from 2010 to 2011. Mr. Collis has additionally forged a clear path in fulfilling AmerisourceBergens purpose of being united in our responsibility to create healthier futures. AmerisourceBergen is a global pharmaceutical sourcing and distribution services company, providing help for both healthcare providers and pharmaceutical and bio. AmerisourceBergen's revenue growth from 2016 to 2020 is 29.31%. Compensation. He has a total of three children. Smith workforce reducing to 25 locally", "Walgreens Boots Alliance Completes Strategic Transaction with AmerisourceBergen Divesting Alliance Healthcare Businesses", "Remdesivir, the First Coronavirus Drug, Gets a Price Tag", "Trump Administration Secures New Supplies of Remdesivir for the United States", U.S. Department of Health and Human Services, "Financial Reports | AmerisourceBergen Corporation", "Opioid distributors sued by West Virginia counties hit by drug crisis", "West Virginia Sues Drug Distributors in Pill-Abuse Fight", "Drug firms shipped 40M pain pills a year to WV", "Major health care companies keep getting taken to court", "Michigan Goes After Opioid Distributors; Files Lawsuit Under Michigan Drug Dealer Liability Act", "Michigan Legislature - Section 691.1605", "Cardinal Health, McKesson, AmerisourceBergen, Teva agree to $260M opioid settlement with Cuyahoga, Summit counties", "Attorney General Hunter Refiles Lawsuits against Three Leading Opioid Distributors | Oklahoma Attorney General", "Most U.S. local governments opt to join $26 bln opioid settlement", "Washington state, in $95 billion opioid trial, blames drug distributors for crisis", "AmerisourceBergen Corporation Agrees to Pay $625 Million to Resolve Allegations That it Illegally Repackaged CancerSupportive Injectable Drugs to Profit From Overfill", "AmerisourceBergen Corp. To Pay $625 Million To Settle Civil Fraud Allegations Resulting From Its Repackaging And Sale Of Adulterated Drugs And Unapproved New Drugs, Double Billing And Providing Kickbacks", "AmerisourceBergen to pay $625M to settle whistleblower case for selling cancer vial overfills", "Wall Street's fear of an opioids settlement", "Opioid Distributors Propose $10 Billion to End State Claims", "McKesson, Cardinal, AmerisourceBergen offer $10 billion opioid settlement", https://en.wikipedia.org/w/index.php?title=AmerisourceBergen&oldid=1107999920, Companies based in Chester County, Pennsylvania, Companies listed on the New York Stock Exchange, Pharmaceutical companies established in 2001, Pharmaceutical companies of the United States, Health care companies based in Pennsylvania, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles with a promotional tone from February 2018, Wikipedia articles with undisclosed paid content from December 2020, Articles with multiple maintenance issues, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, Merger between AmeriSource Health and Bergen Brunswig in 2001. Phone Number: (610) 727-7000. B. Happiness. The $14 million CEO: Drug distributor boosts executive's pay despite historic opioid settlement Analysis shows AmerisourceBergen's Steven Collis would have made $10 million less if company. He spearheaded the creation of the AmerisourceBergen Foundation, the companys first enterprise-wide, nonprofit charitable organization, which supports health-related causes that enrich the global community. Under Mr. Collis leadership, AmerisourceBergen has experienced tremendous financial growth. His favorite sport is rugby and he likes to have pasta and sushi in food. In 2016, he was also made the Chairman of the company. [20][21][22], In January 2022, AmerisourceBergen, McKesson, Cardinal Health, and Johnson & Johnson agreed to pay $26 billion to settle with all but five of the states suing them. [2] They provide drug distribution and consulting related to medical business operations and patient services. [20][21][22], In December 2019, Michigan became the first state to sue AmerisourceBergen and three other opioid distributors as drug dealers for their role in the state's opioid crisis. Steve Collis - Chairman, President & CEO. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Seven Reasons to Take an Antarctic Expedition Cruise on Vikings New Polaris, The 10 Best Selling Thriller Books of All-Time, The 10 Worst Neighborhoods in Philadelphia in 2022. For more information, go to www.amerisourcebergen.com. The same year, McKesson paid a record $150m fine after the DEA . 64% of the management team is White. As Chairman, President and Chief Executive Officer at AMERISOURCEBERGEN CORP, Steven H. Collis made $14,873,815 in total compensation. In March 2016 Walgreens Boots Alliance Inc. announced it would exercise an option to purchase 22.7 million shares of AmerisourceBergen stock and thereby control 15% of the company.[9]. $224,086. Else, visit the companys Contact Us page. Male employees at AmerisourceBergen rate the CEO the highest. AmerisourceBergen expects full-year earnings in the range of $11.30 to $11.60 per share. All of these point to better access for patientsthe most basic premise of the Affordable Care Act. Collis worked for the company for about 18 years before he became the companys CEO. [35], AmerisourceBergen: The biggest Pennsylvania company you never heard of, by David Sell, Philadelphia Inquirer, July 15, 2012, Learn how and when to remove these template messages, Learn how and when to remove this template message, U.S. Department of Health and Human Services (HHS), United States Securities and Exchange Commission, "AmerisourceBergen, Form 8-K, Current Report, Filing Date Aug 30, 2001", "AmerisourceBergen Added to S&P 500 index", "UPDATE 2-Amerisource CEO Yost to retire, Collis to succeed", "AmerisourceBergen Acquires World Courier", "Walgreens Boots buys bigger stake in AmerisourceBergen", "AmerisourceBergen to acquire World Courier Group", "AmerisourceBergen to buy PharMEDium for $2.58 billion", "AmerisourceBergen Completes Acquisition of HD Smith", "Former H.D.
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