Walgreen purchases regional drug chain
Walgreen Co. took another step Thursday in its push to grow through acquisitions when it announced the $438 million purchase of a regional chain that operates USA Drug, Super D and May’s drugstores.
The company also said monthly sales fell once again in June, as a split with pharmacy benefits manager Express Scripts Holding Co. continued to hurt business. Walgreen plans to buy 144 stores in a chain focused on the mid-South from the privately held Stephen L. LaFrance Holdings Inc., based in Little Rock, Ark. Its stores are located in Arkansas, Kansas, Mississippi and Missouri, among other states.