Walgreens completes purchase of McKesson Specialty Pharmacy

12/2/2008

DEERFIELD, Ill. Walgreens on Monday announced the completion of its acquisition of McKesson Corporation’s specialty pharmacy, which includes the McKesson Specialty Pharmacy in Pittsburgh and IVPCARE, a specialty pharmacy focused on reproductive health based in Frisco, Texas, with operations in Torrance, Calif., Wilmington, Mass. and St. Louis.

“This acquisition further expands our national capabilities and access to managed care payors,” stated Michael Nameth, executive vice president of Walgreens Health Services.

Walgreens Specialty Pharmacy, a wholly-owned subsidiary of Walgreen Co. operated by its managed care division, Walgreens Health Services, is a national provider of injectable and biopharmaceutical medications dedicated to serving the needs of patients living with complex, chronic health and medical conditions. Walgreens Specialty Pharmacy provides personalized care and services through dedicated fulfillment centers across the country and through more than 6,500 electronically linked Walgreens pharmacies, including locations in academic medical centers, community hospitals and physician office buildings.

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