Walgreens to Acquire Take Care Health Clinics

DEERFIELD, Ill. — Walgreen Co. reported yesterday that it intends to acquire Take Care Health Systems, Conshohocken, Pa., which operates in-store convenient care clinics. The clinics, combined with the drug store chain's nearly 5,700 pharmacies across the country, will form the core for the future rollout of a variety of patient-focused health care services, the retailer said in a statement. CVS/pharmacy, Woonsocket, R.I., owns MinuteClinic in-store clinics. Take Care Health Systems operates 50 clinics in Chicago, Kansas City, Milwaukee, St. Louis and Pittsburgh. The transaction is expected to close next week, subject to the completion of a definitive agreement. Financial terms weren't disclosed. "We're excited to team with the preeminent leader among convenient care clinic operators," said Gregory D. Wasson, president of Walgreen Co. "Together, we'll create a new model of how health care is provided across America. That includes additional health and wellness services such as immunizations, and senior and diabetes services through partners like Joslin Diabetes Center."

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