Walgreens to Buy USA Drug
Walgreen Co. of Deerfield, Ill., said Thursday that it is buying Stephen L. LaFrance Holdings Inc.’s regional drugstore chain, which includes USA Drug and Super D Drug stores.
The $438 million deal is subject to regulatory requirements and other closing conditions, and is expected to close around Sept. 1. The chain, operated under Stephen LaFrance Pharmacy Inc., includes 144 USA Drug, Super D Drug, May’s Drug, Med-X and Drug Warehouse stores in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee.
The acquisition also includes corporate offices, a distribution center in Pine Bluff and a wholesale and private brand business. Click here to read the full story from our partners at ArkansasBusiness.com.