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, online, and mobile application. Its Take Care Health Systems subsidiary is a manager of in-store convenient care clinics (Healthcare Clinics), with approximately 400 locations throughout the United States. As of August 31, 2014, the company operated 8,309 locations in 50 states, the District of Columbia, Puerto Rico and U.S. Virgin Islands. In 2014, the company sold a controlling interest in the Take Care Employer Solutions, LLC (Take Care Employer) business and holds an equity investment in the business. Products and Services The company's drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. Its general merchandise includes, among other things, convenience and fresh foods, household items, 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, and convenient care clinics. The company’s drugstores sell prescription and non-prescription drugs and its pharmacists also provide drug consultations and administer flu vaccines and other immunizations. Its integrated network of pharmacies allows access for customers to fill their prescriptions at any of its drugstores. In addition, its stores sell branded and owned 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. Nurse practitioners and physician assistants treat patients and are licensed to write prescriptions that can be filled at the patient's pharmacy of choice and to administer immunizations and other vaccines. The company offers specialty pharmacy services that provide customers nationwide access to various medications, services and programs for managing complex and chronic health conditions. Medications delivered to these customers often require special handling, are only available through limited distributions or involve a time-sensitive delivery. 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. Walgreens 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. The company’s advanced pharmacy system offers pharmacists access to patient prescription records, which allows access to refills and emergency supplies at any of its pharmacies, eases prescription transfers, and enables any Walgreens pharmacist to provide ongoing treatment consultation. Customers also have access to its ecommerce solutions, which, through the walgreens.com and drugstore.com Websites, including beauty.com and visiondirect.com, offer certain products available only online, as well as most products available in the company’s drugstores. The company’s mobile applications also allow customers to refill prescriptions through their mobile device, download weekly promotions and find the nearest Walgreens drugstore in addition to other features that are designed to enhance the user's experience. Intellectual Property The company owns various domain names, holds approximately 75 patents, has registered various trademarks, and has filed applications for the registration of its other trademarks and service marks in various jurisdictions. The company holds assorted business licenses (such as pharmacy, occupational, liquor and cigarette) having various lives within multiple legal jurisdictions, which are necessary for the normal operation of its business. 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 its products to various customers, including various managed care organizations within both the private and public sectors. Regulations 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, without limitation: 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); and 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 sells. History Walgreen Co. was founded in 1901.
walgreen co (WGN:German Stock Exchange)
108 Wilmot Road
Deerfield, IL 60015
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