Walgreen Co. (NYSE:WAG)(NASDAQ:WAG), through its subsidiary Option Care Enterprises, Inc., has completed its acquisition of CuraScript Infusion Pharmacy, Inc., a wholly-owned subsidiary of Express Scripts, Inc. CuraScript Infusion Pharmacy, based in Louisville, Ky., is one of the nation’s largest providers of infusion services and for nearly 17 years has supported patients who require complex therapies including anti-viral, immune deficiency, inotropic, chemotherapy and pain management treatments. Walgreens acquired each of CuraScript Infusion Pharmacy’s 12 facilities located in Alabama, Indiana, Kentucky, Missouri, Ohio and Tennessee. Terms of the agreement were not disclosed.
Paul Mastrapa, president of Walgreens-OptionCare, said, “This acquisition further expands our national coverage in home infusion services. We now operate more than 100 home infusion locations in 35 states. CuraScript Infusion Pharmacy is highly regarded in the industry for its clinical expertise and commitment to exceptional patient care. We welcome this addition to our infusion pharmacy network and look forward to reaching even more patients with this combined high level of personalized therapy and support.”
Express Scripts, Inc. is retaining ownership of CuraScript Specialty Pharmacy and CuraScript Specialty Distribution.
Walgreens (www.walgreens.com) is the nation’s largest drugstore chain with fiscal 2007 sales of $53.8 billion. The company operates 6,252 drugstores in 49 states, the District of Columbia and Puerto Rico. Walgreens provides the most convenient access to consumer goods and cost-effective health care services in America through its retail drugstores, Walgreens Health Services division and Walgreens Health and Wellness division. Walgreens Health Services assists pharmacy patients and prescription drug and medical plans through Walgreens Health Initiatives Inc. (a pharmacy benefit manager), Walgreens Mail Service Inc., Walgreens Home Care Inc., Walgreens Specialty Pharmacy LLC and SeniorMed LLC (a pharmacy provider to long-term care facilities). Walgreens Health and Wellness division includes Take Care Health Systems, which is comprised of: Take Care Consumer Solutions, managers of 172 convenient care clinics at Walgreens drugstores, and Take Care Employer Solutions, managers of worksite-based health and wellness services at 364 employer campuses.
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