Walgreens expands into work site clinics with acquisitions

April 14, 2008

Walgreens is launching health and wellness division to expand into worksite health clinics and has acquired two companies, I-trax and Whole Health Management of Cleveland.

Walgreen has created a new Health and Wellness division. The division will manage health centers and pharmacies at large-company worksites, while continuing the rollout of Take Care Health Clinics located at Walgreens drugstores nationwide. As part of the new division's strategy, Walgreens also announced plans to acquire two leading operators of worksite health centers, I-trax Inc., parent company of CHD Meridian Healthcare, LLC, and privately held Whole Health Management of Cleveland. Upon closing of the transactions, Walgreens will have more than 500 worksite and retail health centers in 40 states, including its Take Care Health Clinics. Both acquisitions are expected to close within 60 days.

A spokeswoman for Take Care told Drug Topics that 30 of the total worksite centers have pharmacies. Walgreens' chairman/CEO Jeffrey A. Rein said, "I-trax and Whole Health also will open the door for us to add worksite pharmacies where they already operate health centers. This is a natural extension of the existing worksite pharmacy services we currently provide for companies such as Sprint, ABX Air, and Toyota."