AAH Pharmaceuticals

Category: Target

AAH Pharmaceuticals is the UK's largest pharmaceutical wholesaler, supplying approximately 14,000 pharmacies nationwide. It is included here solely because it distributes Teva pharmaceutical products across the UK market, generating revenue for Israel's largest company.

HQ: United Kingdom Website Updated: 2 Feb 2026

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Decision-Maker Directory

Key individuals with influence over corporate partnerships and procurement decisions. Direct your correspondence to the most relevant role.

David Bound
Chief Executive Officer
Leads company strategy and operations
Public contact: Via corporate website
John Clark
Chief Operating Officer
Oversees distribution operations across 20 UK locations
Public contact: Via corporate website
Adrian Stubbings
Chief Financial Officer
Oversees financial strategy and supplier relationships
Public contact: Via corporate website

Material Risk Framing

Frame your message around business risks. These talking points resonate with corporate stakeholders and institutional investors.

Reputational & Brand

As the UK's largest pharmaceutical wholesaler, AAH's distribution of products from Israel's largest company, which the ICJ found faces a 'plausible' genocide case (January 2024), creates reputational exposure with NHS trusts and pharmacy chains increasingly scrutinising supply chain ethics

Operational & Supply Chain

AAH's role as a distribution intermediary means it could face pressure from pharmacies requesting non-Teva alternatives; however, all major UK wholesalers currently distribute Teva products, limiting the impact of individual wholesaler pressure

Financial & Investor

Owned by Aurelius Group since 2022; private equity ownership may create sensitivity to sustained reputational pressure that could affect future divestiture or refinancing prospects

Legal & Compliance

UK procurement law and emerging due diligence legislation may create obligations for wholesale distributors sourcing from companies contributing significant revenue to states facing international legal proceedings

Strategic Analysis

In-depth assessment of the company's position, vulnerabilities, and recommended approaches for effective engagement.

CHALLENGING PRIORITY TARGET MONITORING TARGET Strategic Vulnerability → Severity → Severity: 3.0, Vulnerability: 6.0

Lower severity, high vulnerability — momentum builders that fold quickly

Learn about our methodology — companies are categorised based on severity (harm potential) vs strategic vulnerability (campaign leverage).

Why do these scores change?

Unlike static boycott lists, our targeting model is dynamic. This company's position on the matrix is re-evaluated continually as we verify new contracts, divestments, or policy changes. Your reporting directly impacts this score.

AAH Pharmaceuticals is included in this directory solely because of its role as the UK's largest distributor of Teva pharmaceutical products. We are not making a broader judgement on AAH's business practices. The focus is on the supply chain relationship that generates revenue for Israel's largest company.

Why AAH Matters

Teva supplies approximately one in six of all prescription medicines dispensed in the UK. As the UK's largest wholesale distributor, AAH is a critical link in Teva's access to approximately 14,000 UK pharmacies. While AAH does not manufacture Teva products, its distribution network is essential to Teva's UK market presence and revenue generation.

The Wholesaler Challenge

All major UK pharmaceutical wholesalers currently distribute Teva products. This means simply switching wholesaler does not reduce Teva's market access. The effective action is for pharmacies to request non-Teva generic alternatives from their existing wholesaler, including AAH. The generic pharmaceutical market is highly competitive, and equivalent alternatives from non-Israeli manufacturers exist for most Teva products.

Key Leverage Points

  • Pharmacy Demand: Pharmacies can specify non-Teva generics when ordering from AAH. Wholesale purchasing is demand-driven — if pharmacies stop ordering Teva products, AAH's procurement from Teva decreases
  • NHS Procurement: Hospital pharmacy leads and ICB procurement officials can include ethical sourcing criteria in tender specifications, influencing wholesale distribution patterns
  • Private Equity Sensitivity: Aurelius Group's ownership creates sensitivity to reputational risk that could affect future divestiture valuations

Engagement Strategy

In addition to pressuring AAH directly, an effective approach targets the demand side: engage pharmacists and pharmacy owners to request non-Teva alternatives when placing wholesale orders. For comprehensive medication alternatives, see our Teva alternatives guide, which covers substitutions across all major therapeutic categories.

Evidence & Sources

Verified sources including NGO reports, regulatory filings, and primary documents. Use these to substantiate your correspondence.

Corporate Statement
2025-01-01
AAH Pharmaceuticals: Company Overview

Confirms position as the UK's largest pharmaceutical wholesaler, supplying approximately 14,000 pharmacies from 20 distribution locations nationwide

Open source
Corporate Statement
2025-01-01
Teva UK: About Teva in the UK

Teva confirms it supplies approximately one in six of all prescription medicines dispensed in the UK, distributed through the wholesale network including AAH

Open source
News
2022-04-01
Aurelius Acquires McKesson UK Businesses Including AAH

German private equity firm Aurelius acquired AAH Pharmaceuticals as part of the McKesson UK carve-out for approximately 900 million pounds, forming Hallo Healthcare Group

Open source
Academic
2014-05-01
Samuel Neaman Institute: Teva's Contribution to Israel's Economy

Research shows Teva contributed approximately 10% of Israel's total industrial GDP (2003-2012), establishing why distribution of Teva products is strategically significant

Open source

Updates & Milestones

  1. Continued Growth

    AAH continues to operate as the UK's largest pharmaceutical wholesaler under Aurelius Group ownership

  2. Aurelius Acquisition

    German private equity firm Aurelius acquires AAH from McKesson for approximately 900 million pounds, forming Hallo Healthcare Group

  3. McKesson Acquisition

    US healthcare giant McKesson Corporation acquires AAH as part of its European expansion

  4. AAH Founded

    Established as a UK pharmaceutical wholesale distributor

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