Pharmacy Daily | Walgreens buys 76

US pharmacy giant Walgreens has confirmed an agreement with privately owned company Kerr Drug to acquire a network of 76 retail pharmacy stores as well as its specialty pharmacy business. The outlets are located across the state of North Carolina, along with a distribution centre, with the business having turnover last year of around US$380 million. Walgreens said the Kerr Drug operations were an “exceptional addition” to its portfolio. CEO Greg Wasson said “we are closely aligned with the important task of expanding the healthcare role that community pharmacists can have with their patients, and we share the common goal of stepping out of the traditional drugstore format to create a new experience for our customers”. Kerr Drug was founded in 1951, with its pharmacies offering “resource centres” staffed with pharmacists and pharmacy students from local colleges. The company’s president said that Walgreens was the perfect partner to help Kerr “continue its journey as a patient-oriented company dedicated to expanding the role of the pharmacist as an integral part of health care”.

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