Walgreens launches health & wellness division; acquires two operators of worksite health centers

March 18, 2008

Walgreens creates health and wellness division, acquires I-trax, Whole Health Management

As part of a strategy to expand healthcare access beyond retail sites and to provide patients with convenient health care near their homes and at work, 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.

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