The acquisition of long-term care pharmacy PharMerica Corporation by investment firm KKR has been completed slightly ahead of schedule, the companies announced Thursday.
I have a friend who might be best described as a curmudgeon-in-training. He seems to live in a world where almost everything was better than it is now.
With more vendors targeting the hospice market, two drug giants appear ready to face off. Walgreens left the institutional-pharmacy business in 2010, of which hospice pharmacy is a part, in a deal with Omnicare. Walgreens traded the unit for Omnicare's home-infusion business. Since then, Omnicare has been the market leader for hospice drugs. So why the strategy change for Walgreens?
Walgreens has purchased drugstore.com for $409 million, the company announced. The acquisition gives Walgreens access to drugstore.com's three million customers. Walgreens is the nation's largest drugstore chain. The company's 7,689 drugstores generated more than $67 billion in sales last year.