On May 1, 2008 Walgreens announced on their website (www.walgreens.com), that it has “completed it’s acquisitions of I-Trax, Inc., parent company of CHD Meridian Healthcare, and privately-held Whole Health Management, two leading companies that together operate more than 350 worksite health centers. The acquired companies services include primary and acute care, wellness, pharmacy and disease management services and health and fitness programming. The acquisitions position Walgreens as the leading provider of worksite health services. Combined with Walgreens wholly-owned subsidiary and convenient care clinic manager, Take Care Health Systems, the will form the platform for the new Walgreens Health and Wellness division”.

According to Walgreens.com, Walgreens is now the nation’s largest drugstore chain. It’s 2007 fiscal sales were $53.8 billion. Walgreens has 6,271 stores in all but 2 states, as well as the District of Columbia and Puerto Rico.

For more information, or to read Walgreen’s entire news release, please visit the following link:

http://news.walgreens.com/article_display.cfm?article_id=4950

What are your thoughts on this merger? What do you see as the potential benefits?

-Kayla Dean, Research Assistant