Deerfield, Ill.-based Walgreen Co. has entered into an agreement to purchase regional drugstore chain USA Drug, which operates in the mid-South region of the U.S.
The transaction includes 144 stores currently operated under the USA Drug, Super D Drug, May’s Drug, Med-X and Drug Warehouse stores located in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee.
Walgreen Co. is purchasing the chain from Stephen L. LaFrance Holdings, Inc. and members of the LaFrance family. The chain recorded sales of $825 million in 2011.
“This acquisition expands our business in an important region of the country,” says 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.”