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Published on 18 March 2008

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Pharmacy chain moves into worksite centres

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US pharmacy group Walgreens has said it plans to buy two operators of worksite health centres as it moves to establish a new health and wellness division.

The group said it will acquire I-trax for $223.1m and privately held Whole Health Management, although the terms surrounding the latter deal have not been revealed.

Walgreens said it believes both deals will be completed within 60 days, as long as they receive regulatory approval.

The new division will manage health centres and pharmacies situated at the sites of large companies, and the deals will mean Walgreens will operate more than 500 worksite and retail health centres in 40 states.

Copyright © PA Business 2008

Walgreens



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