Check out Walgreens’ push into health services
The drug store chain took a big step toward expanding beyond its retail business by announcing it planned to buy two health-care companies, publicly traded I-trax and privately held Whole Health Management.
The retailer has created a health and wellness division to manage health centers and pharmacies at worksites. Walgreen already operates consumer clinics in some of its stores, but now it sees a big opportunity to help companies lower their health costs.
“The story here is growth,” CEO Jeffrey Rein said.
Also in the basket:
Mattress maker Tempur-Pedic forecasts profit drop
Hard times for consumers threaten food companies
(Photo: Reuters)
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