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Home > SMT Wrapper

Walgreens to Buy Option Care for $850 Million

Published Monday, July 09, 2007

DEERFIELD, Ill.--Walgreen Co. said last week it will acquire specialty pharmacy and home infusion provider Option Care in a transaction valued at $850 million, the largest in Walgreens' history. Buffalo Grove, Ill.-based Option Care runs a network of more than 100 pharmacies, 61 of them company-owned, in 34 states. The company has contracts with more than 400 managed care organizations representing 75 million people. The acquisition "dramatically expands our specialty pharmacy and home infusion footprint and makes us a national player in both areas," said Walgreen CEO Jeffrey Rein in a conference call. The specialty pharmacy and home ...

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