Walgreens Completes Acquisitions, Announces Promotions

Deerfield, Ill. Walgreen Co. announced Thursday that it has completed its acquisition of I-trax, Inc., parent company of CHD Meridian Healthcare, and Whole Health Management, which together operate more than 350 worksite health centers.

On March 17, Walgreens announced its intent to acquire I-trax, Inc. in a cash transaction valued at approximately $278 million, including the assumption of debt. Walgreens also announced on March 17 its agreement to acquire Whole Health Management; terms of the deal weren’t disclosed.

The combined companies, with Walgreens wholly owned Take Care Health Systems, will form the platform for the new Walgreens Health and Wellness division.

In related news, Walgreens has promoted Kenneth E. Amos to divisional VP of loss prevention, and has named William T. (Tom) Grayson VP of pharmacy acquisitions. Amos was director of loss prevention. Previously, Grayson was a VP of store operations.