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Slide #6. Walgreen Co. — Water Street Healthcare Partners
Walgreen Co. (WAG)
Water Street Healthcare Partners
Walgreen Co. (NYSE:WAG) (Nasdaq: WAG) announced today that it has signed a definitive agreement with Water Street Healthcare Partners (Water Street), a strategic investor focused exclusively on the health care industry, in which Water Street will acquire a majority interest in Take Care Employer Solutions, LLC. Take Care Employer Solutions is a Walgreens subsidiary that manages more than 360 worksite health centers nationwide.
Walgreen is a drugstore chain that sells prescription and non-prescription drugs as well as general merchandise. Co.'s pharmacy, health and wellness services include retail, specialty, infusion and respiratory services, mail service, convenient care clinics and wellness centers. Co.'s Take Care Health Systems, Inc. subsidiary is a manager of in-store convenient care clinics (Healthcare Clinics). At Aug 31 2014, Co. operated 8,309 locations in 50 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands, excluding 437 Healthcare Clinics and 48 worksite pharmacies that are operated primarily within Co.'s Walgreens drugstores or locations of unconsolidated partially owned entities.
Open the WAG Page at The Online Investor »
Buy (3.08 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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