Walgreens To Acquire USA Drug Pharmacy Chain In Oklahoma - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Walgreens To Acquire USA Drug Pharmacy Chain In Oklahoma

Posted: Updated:
A Drug Warehouse next door to a Walgreens in Tulsa A Drug Warehouse next door to a Walgreens in Tulsa
TULSA, Oklahoma -

Walgreens announced Thursday it has entered into an agreement to purchase regional drugstore chain USA Drug.

The chain includes May's Drug, Med-X and Drug Warehouse stores located in several states including Oklahoma.

A Walgreens news release says the transaction includes all 144 of the chain's stores for a total of approximately $438 million.

Read Walgreens news release.

USA Drug recorded sales of $825 million in 2011.

"This acquisition expands our business in an important region of the country," said Walgreens President and CEO Greg Wasson. "It will provide significant new pharmacy business for us in this region while also enabling us to bring the Walgreens experience to many additional smaller communities where USA Drug has developed strong operational expertise."

The transaction is subject to regulatory requirements and other closing conditions, and is expected to close around September 1, 2012.

Walgreens says the acquired drugstores will continue in the near term to operate under their current brand names after the transaction closes, and decisions will be made over time regarding the best, most effective way to harmonize Walgreens and the acquired brands.

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.

Links

Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.