The deal will set in motion immediate synergies as the combination of Walgreens and Rite Aid creates a national network of almost 12,000 locations focused on delivering health care and beauty.
Walgreens Pharmacy & Business News
After an initial, small-scale rollout this spring, Walgreens and FedEx expect to have the program available at thousands of Walgreens locations later this calendar year and chainwide by the fall of 2018.
All of the sites will be named Sacred Heart Clinic at Walgreens. In addition, Sacred Heart plans to open two new retail clinics in other area Walgreens stores in the spring.
More than 200 employees will remain at Palo Alto company.
Community Health Network will exclusively operate and provide clinical services at 12 retail health clinics located within Walgreens stores across central Indiana.
Walgreens operations in the U.S. realized a 1.1% quarterly increase in overall comp sales. Same-store pharmacy sales increased 2% compared with the year-ago quarter.
The continued decline in the number of heavy buyers (those who purchased more than three types of vitamins in a year) was a key trend captured by the 2016 TABS Analytics Vitamin and Minerals Supplements study.
Walgreens sister pharmacy division Boots in the U.K. is one of the larger providers of vision care services with 636 practices.
Harlingen-Weslaco-Brownsville-McAllen, Texas, is both top demographic area and No. 1 for flu activity gains for week of Dec. 25, according to Walgreens Flu Index.
Newspaper report claims approval of the deal is “not guaranteed.”