Walgreen Co. To Acquire Convenient Care Clinic Operator Take Care Health Systems


First CVS, now Walgreens.
The demand for services is driving market decisions for providing care in these venues. This is a phenomenon worth study. SV

DEERFIELD, Ill., May 16, 2007 – Walgreen Co. (NYSE, NASDAQ: WAG) today said it intends to acquire Take Care Health Systems, a leading operator of convenient care clinics. The clinics, combined with the drugstore chain’s nearly 5,700 pharmacies across the country, will form the core for the future rollout of a variety of patient-focused health care services.

Take Care Health Systems operates 50 health care clinics in Chicago, Kansas City, Milwaukee, St. Louis and Pittsburgh. The transaction is expected to close next week, subject to the completion of a definitive agreement. Financial terms weren’t disclosed.

About Take Care Health Systems

Take Care Health Systems (www.takecarehealth.com) is a leading independent operator of convenient care clinics. Take Care Health combines best practices in medicine and the expertise and personal care of Take Care nurse practitioners to provide high-quality, accessible and affordable health care to all individuals. Take Care Health operates 50 health care clinics in Chicago, Kansas City, Milwaukee, Pittsburgh and St. Louis. Take Care Health uses nationally recognized clinical guidelines, industry standards set forth by the Convenient Care Association (www.convenientcareassociation.org) and an electronic medical record system to ensure the highest quality care. The company maintains a robust quality assurance program, including collaborating physician record review, peer review and compliance auditing.

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