Drug distribution company AmerisourceBergen Corp. in Valley Forge, PA reported an 8.5 percent rise in the 4th quarter over last year’s numbers. Stocks are up 6 cents per share to 50 cents and revenue topped out at $19.72 billion from $18.72 billion. The steady demand of the pharmaceutical industry has kept the budget in tact at the Fortune 500 Company but they attribute this quarter’s growth to generic drugs and specialty pharmaceuticals and services.
As a result of the 2001 AmeriSource Health Corporation and Bergen Brunswig Corporation merger, AmerisourceBergen was formed. Currently, it has locations in United States, Puerto Rico, Canada, and the United Kingdom.
The company website lists as their mission:
To build shareholder value by delivering pharmaceutical and healthcare products, services and solutions in innovative and cost effective ways. We will realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry.
They handle about 20% of all of the pharmaceuticals sold and distributed throughout the US. With over 1 million square feet of packaging production capacity in the US and UK alone as well as offering healthcare providers and pharmaceutical manufacturers a variety of related services, AmerisourceBergen Corp employs over 10,000 associates. At present there are 45 current openings in Valley Forge and there are internships available.
Current and former employees appreciate the security in their jobs as the company continues to grow. They say benefits are good, vacation time is comparable and speak well of their coworkers capabilities. It seems one of the most popular perks is a well stocked break room where employees enjoy free soft drinks.
However, they warn that it is very old fashioned atmosphere and might not be a good fit for highly creative types. Multiple comments on Glassdoor.com mention running into the “this is the way we’ve always done it” when approaching management with innovative new ideas. They also feel it can be difficult to advance when promotions are filled before they are posted.
All in all though prospects look bright for AmerisourceBergen, its subsidiaries and employees as the new fiscal year begins. I’m sure they will be celebrating with lots of complimentary beverages!
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By Heather Fairchild - Heather is a multimedia developer, business owner and work-from-home mom.
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