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Walgreens to acquire 20 drugstores from Puerto Rico pharmacy chain Farmacia El Amal
Walgreens announced that it will acquire 20 drugstores in Puerto Rico from Farmacia El Amal, a family-owned chain of 61 drugstores based on the island. El Amal will continue operating its other 41 stores in Puerto Rico. The acquisition is expected to close in the first quarter of calendar 2008. Once the agreement is finalized, work will begin on converting the El Amal stores to Walgreens, including remodeling and changing the store names.