Walgreen Co., together with its subsidiaries, operates a drugstore chain in the United States. The company provides its customers with omni-channel access to consumer goods and services, pharmacy, and health and wellness services in communities across America. The company offers its products and services through drugstores, as well as through mail, by telephone and online. As of August 31, 2013, the company operated 8,582 locations in 50 states, the District of Columbia, Guam and Puerto Rico. The company sells prescription and non-prescription drugs, as well as general merchandise, including household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. The company’s Take Care Health Systems subsidiary is a manager of worksite health and wellness centers and in-store convenient care clinics (Healthcare Clinic), with approximately 700 locations throughout the United States. In 2012, the company has held a 45% investment interest in Alliance Boots GmbH (Alliance Boots), an international pharmacy-led health and beauty group. Alliance Boots delivers a range of products and services to customers, including pharmacy-led health and beauty retailing and pharmaceutical wholesaling and distribution. In 2013, the company acquired Stephen L. LaFrance Holdings, Inc. (USA Drug), which included 141 drugstore locations operating under the USA Drug, Super D Drug, May's Drug, Med-X and Drug Warehouse names. Additionally, the company acquired an 80% interest in Cystic Fibrosis Foundation Pharmacy LLC, an investment which provides joint ownership in a specialty pharmacy for cystic fibrosis patients and their families and a provider of new product launch support and call center services for drug manufacturers. In 2013, the company, Alliance Boots and AmerisourceBergen Corporation (AmerisourceBergen) announced various agreements and arrangements, including a 10-year pharmaceutical distribution agreement between the company and AmerisourceBergen pursuant to which the company would source branded and generic pharmaceutical products from AmerisourceBergen; an agreement which provides AmerisourceBergen the ability to access generics and related pharmaceutical products through Walgreens Boots Alliance Development GmbH, a sourcing joint venture between the company and Alliance Boots. Products and services The company's drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes household items, convenience and fresh foods, personal care, beauty care, photofinishing and candy. The company offers pharmacy, health and wellness solutions which include retail, specialty pharmacy, infusion and respiratory services, mail service, convenient care clinics and worksite clinics. Its drugstores sell prescription and non-prescription drugs and its pharmacists also provide drug consultations and administer flu vaccines and other immunizations. The company’s integrated network of pharmacies allows easy access for customers to fill their prescriptions at any of its drugstores. In addition, its stores sell branded and private brand general merchandise. Take Care Health Systems, a wholly owned subsidiary, manages the Healthcare Clinics at select Walgreens throughout the country. Patient care at each of the Healthcare Clinics is provided by independently owned state professional corporations, doing business as, Take Care Health Services. Additionally, Take Care Employer Solutions, a wholly owned subsidiary, manages primary care, health and wellness, occupational health, and fitness centers at large employer campuses. The company offers specialty pharmacy services that provide customers nationwide access to various medications, services and programs for managing complex and chronic health conditions. In addition, the company offers its customers infusion therapy services, including the administration of intravenous (IV) medications for cancer treatments, chronic pain, heart failure, and other infections and disorders which must be treated by IV. The company provides these infusion services at home, at the workplace, in a physician's office or at a Walgreens alternate treatment site. The company also provides clinical services such as laboratory monitoring, medication profile review, nutritional assessments and patient and caregiver education. Intellectual Property The company owns various domain names, holds approximately 75 patents, have registered various trademarks, and have filed applications for the registration of a number of its other trademarks and service marks in various jurisdictions. Seasonality The company’s business is seasonal in nature, with the second quarter generating a higher proportion of front-end sales and earnings than other periods. Both prescription and non-prescription drug sales are affected by the timing and severity of the cough, cold and flu season. Customers The company sells to various customers, including managed care organizations within both the private and public sectors. Regulation The company’s business is subject to federal, state and local laws, regulations, and administrative practices concerning the provision of and payment for health care services, including federal, state and local licensure and registration requirements concerning the operation of pharmacies and the practice of pharmacy; Medicare, Medicaid and other publicly financed health benefit plan regulations prohibiting kickbacks, beneficiary inducement and the submission of false claims; the Health Insurance Portability and Accountability Act (HIPAA); the Patient Protection and Affordable Care Act (ACA); regulations of the U.S. Food and Drug Administration, the U.S. Federal Trade Commission, the U.S. Drug Enforcement Administration and the U.S. Consumer Product Safety Commission, as well as regulations promulgated by comparable state agencies concerning the sale, advertisement and promotion of the products the company sell. Significant Events In December 2013, Announces Collaboration with Centers for Disease Control and Prevention to Improve HIV Prevention and Outcomes. History Walgreen Co. was founded in 1901.
walgreen co (WAG:New York)
108 Wilmot Road
Deerfield, IL 60015
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