BELLEVUE, Wash. Drugstore.com on Wednesday announced an agreement with BioScrip Pharmacy Services to sell the assets of its pharmacy subsidiary and to have BioScrip provide, through a strategic partnership, pharmacy services to Drugstore.com customers.
“Through this relationship, BioScrip will provide our customers with an expanded specialty pharmacy product offering, robust clinical resources and greater access to third party insurance reimbursement including Medicare,” stated Drugstore.com in a press release.
The agreement is expected to close mid-year.
"We strongly believe we should offer our customers the convenience of a pharmacy, and in BioScrip we believe that we've found the right company to provide, as well as expand, services to our customers," stated Dawn Lepore, Drugstore.com CEO and chairman. "While drugstore.com started more than a decade ago as an online pharmacy, over the past few years, the company has evolved and experienced accelerated growth in health, beauty and vision products. We now believe we're at a point where we need to focus on our strategic growth markets."