Published on September 2, 2010 at 7:09 AM
Walgreen Co. (NYSE: WAG) (NASDAQ: WAG) today announced a definitive agreement with Graymark Healthcare Inc. (NASDAQ: GRMH) in which the company will acquire the assets of 18 ApothecaryRx pharmacies located in Colorado, Oklahoma, Minnesota, Missouri and Illinois. Graymark Healthcare operates its independent retail pharmacy business through ApothecaryRx, LLC, its wholly-owned subsidiary.
“Our staff is dedicated to making the transition as seamless as possible for our new customers. We look forward to introducing them to the unique offerings that have made Walgreens one of the country's most trusted providers of pharmacy, health and wellness services and daily living needs.”
"We have a long history of providing high quality pharmacy services in these markets," said Walgreens operations vice president Bill Miller. "Our staff is dedicated to making the transition as seamless as possible for our new customers. We look forward to introducing them to the unique offerings that have made Walgreens one of the country's most trusted providers of pharmacy, health and wellness services and daily living needs."
Among the many pharmacy services that Walgreens provides are 24-hour and drive-thru pharmacies; automatic prescription refill service; prescription text alerts which notify customers via text message when their prescriptions are ready for pickup; prescription labels in 14 different languages; prescription records available at any Walgreens nationwide; and Walgreens Prescription Savings Club, which offers a 90-day supply of more than 400 generic medications for less than $1 a week.
Affected ApothecaryRx patients will be notified upon the transaction's closing, which is subject to certain terms and conditions and is expected to occur in the fourth quarter of calendar year 2010.
Source : Walgreen