Retail News Breaks
Prescription files from 33 Kmarts acquired by Walgreens
January 31st, 2012
DEERFIELD, Ill. – Walgreen Co. plans to buy prescription files and inventory from 33 Kmart pharmacies in 16 states.
Walgreens said Monday that it will purchase the pharmacy patient files and transfer them to nearby Walgreens pharmacies. Financial terms of the agreement were not disclosed.
The affected Kmart pharmacies include two stores in Alabama, one in California, one in Colorado, seven in Florida, three in Georgia, one in Iowa, two in Indiana, one in Maryland, two in Michigan, four in Minnesota, three in Ohio, one in Tennessee, one in Texas, two in Virginia, one in Washington and one in Wisconsin.
Patients whose prescription files are being transferred and who have had a prescription filled within the last two years will be notified by letter once the transaction has been completed, which is expected later in February, according to Walgreens.
"We are pleased to maintain convenient access to high-quality pharmacy and health and wellness services for Kmart patients from these pharmacies," David Lovejoy, Walgreens' vice president of pharmacy services, said in a statement. "We are working with Kmart to make this transition as seamless as possible and quickly introduce our new customers to the expanded health and wellness services that have helped build Walgreens reputation for patient care."
Walgreens added that it completed the acquisition of the first pharmacy's prescription files and inventory on Jan. 27 in Rice Lake, Wis.
In late December, Kmart parent company Sears Holdings Corp. announced that it plans to close 100 to 120 Kmart discount stores and Sears department stores. The retailer gave no timetable for the move and at the time said it hadn't made a final determination on which stores would be closed.
More Retail News Breaks >>