» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 183 | Wednesday, September 19, 2012

Walgreen Finishes $438 Million Deal for Drugstore Chain

AP

Print | Front Page | Email this story | Comments ()

DEERFIELD, Ill. (AP)Walgreen Co. has completed its $438 million purchase of a regional drugstore chain that operates in several states under the USA Drug, Super D Drug and Med-X names.

The Deerfield, Ill., company announced the deal in July and then said Monday afternoon that it closed. The deal involves the purchase of 144 stores in a chain focused on the mid-South from the privately held Stephen L. LaFrance Holdings Inc.

The stores are located in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee. Store names involved in the deal also include May's Drug and Drug Warehouse. The acquisition also includes cooperate offices, an Arkansas distribution center and a wholesale and private brand business.

The chain had $825 million in sales last year. Walgreen, the nation's largest drugstore operator, has said the deal will help it expand to smaller communities where USA Drug has developed operational expertise.

Walgreen runs 7,929 drugstores in all 50 states, the District of Columbia and Puerto Rico.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 158 6,263
MORTGAGES 92 166 7,468
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 218 395 13,704
BANKRUPTCIES 58 113 4,687
BUSINESS LICENSES 35 69 2,409
UTILITY CONNECTIONS 0 71 4,967
MARRIAGE LICENSES 20 54 1,514

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.