AmerisourceBergen Selling PMSI After Disappointing Quarter

Wholesale drug supplier AmerisourceBergen announced Thursday that it is selling its workers’ compensation business, PMSI, after reporting a 10% drop in profit for the third quarter.In a press release, Amerisource Bergen President and Chief Executive Officer R. David Yost said PMSI’s earnings fell below expectations, but that the company believes the unit’s performance will improve by the fall because of “aggressive profitability initiatives.”“Nevertheless, we believe that for the appropriate value, this is the right time to sell the business as we focus on A...