Longs Drug Stores purchases Network Pharmaceuticals

June 19, 2006

Longs Drug Stores has purchased the assets of Network Pharmaceuticals, including 21 retail pharmacies, one wholesale pharmacy, and one closed-door pharmacy, for about $10 million plus inventory. The retail pharmacies are located within or near medical office buildings, clinics, and hospitals.

Longs Drug Stores purchases Network Pharmaceuticals

Longs Drug Stores has purchased the assets of Network Pharmaceuticals, including 21 retail pharmacies, one wholesale pharmacy, and one closed-door pharmacy, for about $10 million plus inventory. The retail pharmacies are located within or near medical office buildings, clinics, and hospitals. The closed-door pharmacy specializes in providing prescription delivery services to patients residing in hospice, long-term care, and mental health facilities. The wholesale pharmacy sells to physicians and healthcare providers in the local area.

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