Saturday, July 21, 2007

Walgreen expands Home Care business with acquisitin of Option Care

Walgreen, the huge drug store company, has expanded its role in the home care marketplace with the acquisition of Option Care.

Option Care is a national provider of specialty pharmacy and home infusion services. Through its pharmacy services, it provides medications and treatments for patients suffering from complex diseases, including cancer and multiple sclerosis. It also provides therapy for patients requiring intravenous medication or nutrition.

This latest move greatly expands Walgreen's existing specialty pharmacy business, adding 100 locations to its current 45 home-care facilities. Option Care has the largest geographic coverage in the industry with 400 managed care organizations. Furthermore, through Option Care, Walgreen gains access to medications that currently have limited distribution, giving customers a reason to choose its drugstore over the competition.

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