Walgreen Co. said last week that it intends to acquire Take Care Health Systems, a leading operator of convenient care clinics. The clinics, combined with the drugstore chain’s nearly 5,700 pharmacies across the country, will form the core for the future rollout of a variety of patient-focused healthcare services. Take Care Health Systems operates 50 health care clinics in Chicago, Kansas City, Milwaukee, Pittsburgh, and St. Louis. The transaction is expected to close this week, subject to the completion of a definitive agreement. Financial terms weren’t disclosed.
With the acquisition, Walgreens expects to have more than 400 Health Corner Clinics operating within its stores by the end of 2008. Currently, the company has 59 Health Corner Clinics in Atlanta, Chicago, Kansas City, Las Vegas, Milwaukee, and St. Louis. Read the press release.
