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VOL. 127 | NO. 183 | Wednesday, September 19, 2012

Walgreen Finishes $438 Million Deal for Drugstore Chain

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 223 16,103
MORTGAGES 62 207 18,599
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 66 187 10,687
BUSINESS LICENSES 28 86 5,172
UTILITY CONNECTIONS 37 127 11,344
MARRIAGE LICENSES 15 75 3,848

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