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January 14, 2014

H.D. Smith celebrates 60 years of business in 2014, the wholesaler announced Monday.

SPRINGFIELD, Ill. — H.D. Smith celebrates 60 years of business in 2014, the wholesaler announced Monday. 

The company was founded in 1954 to meet the needs of an underserved region in Central Illinois. Before H. D. Smith opened its doors, pharmacies in the area purchased their pharmaceuticals and supplies through large distributors out of St. Louis, Chicago, Champaign and Peoria, the company stated. 

June 20, 2013

Pharmaceutical wholesaler H.D. Smith will buy a majority interest in a Cincinnati-based patient assistance, pharmaceutical brand support and reimbursement company.

SPRINGFIELD, Ill. – Pharmaceutical wholesaler H.D. Smith will buy a majority interest in a Cincinnati-based patient assistance, pharmaceutical brand support and reimbursement company.

The wholesaler said Thursday that it had originally acquired majority board representation in Triplefin and would secure majority stock ownership in it. Financial terms of the deal were not disclosed.

January 22, 2013

H. D. Smith announced the establishment of H. D. Smith Specialty Solutions, an organization structured to provide focus and alignment around specialty and traditional brand products, solutions and services.

SPRINGFIELD, Ill. — H. D. Smith on Tuesday announced the establishment of H. D. Smith Specialty Solutions, an organization structured to provide focus and alignment around specialty and traditional brand products, solutions and services. The wholesaler also announced the realignment of select executive leadership positions to best capitalize on the growing needs resulting from recent geographic and service expansions. These expansions include the acquisition of Valley Wholesale Drug in October 2012 and a planned majority ownership investment in Triplefin announced in January 2013.

November 2, 2012

Drug wholesaler H.D. Smith has finalized its purchase of a wholesale company based in California.

SPRINGFIELD, Ill. — Drug wholesaler H.D. Smith has finalized its purchase of a wholesale company based in California.

H.D. Smith said Friday that it had completed its acquisition of Stockton, Calif.-based Valley Wholesale Drug, which it will run as a wholly owned subsidiary. Financial terms of the deal were not disclosed, but day-to-day operations at Valley will be run by its CEO, Stephen Shoneff.

October 16, 2012

H.D. Smith, one of the largest pharmaceutical wholesalers in the United States, announced plans to acquire Valley Wholesale Drug in a merger agreement transaction.

SPRINGFIELD, Ill. — H.D. Smith, one of the largest pharmaceutical wholesalers in the United States, announced plans to acquire Valley Wholesale Drug in a merger agreement transaction.

The acquisition will increase H. D. Smith’s customer base in California and give the wholesaler an opportunity to expand into the Pacific Northwest, a market in which it currently has a limited reach.