Walgreens Betting Big On Bricks and Mortar, Buying USA Drug Pharmacy Chain for $438M

Already the largest pharmacy chain in the U.S., Walgreen Co. today announced a deal to buy a 144-store pharmacy chain from privately held Stephen L. LaFrance Holdings, and members of the LaFrance family, for approximately $ 438 million.

The stores are located across seven states, the majority in the south, and operate under the brands USA Drug, Super D Drug, May’s Drug, Med-X and Drug Warehouse. The deal includes corporate offices, a distribution…
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