Walgreens to buy assets of 18 ApothecaryRx pharmacies

New York City Walgreens announced a definitive agreement to acquire the assets of 18 ApothecaryRx pharmacies located in Colorado; Oklahoma; Minnesota; Missouri; and Illinois, from their owner, Graymark Healthcare.

Graymark Healthcare operates its independent retail pharmacy business through ApothecaryRx, LLC, its wholly owned subsidiary. It specializes in acquiring and operating pharmacies servicing clinics, hospitals, medical office buildings and healthcare campuses.

Walgreens did not identify the locations it plans to acquire, nor did it disclose terms.

"We have a long history of providing high-quality pharmacy services in these markets,” Walgreens operations VP Bill Miller said in a statement late Wednesday.

The buy is expected to close in late 2010, Walgreens said.