Walgreens completes 31 Drug Fair location buys

11 May 2009

Walgreens, the USA's largest drugstore chain, has completed the acquisition of 31 Drug Fair stores in central and western New Jersey.  The announcement follows an agreement reached in March associated with  Drug Fair's Chapter 11 process. Terms of the transaction were not  disclosed.

In addition, Walgreens has purchased the prescription files for the  following Drug Fair locations at: 449 Lakeview Avenue, Clifton, NJ; and  2960 Route 10 West, Morris Plains, NJ.

Patients previously served by these pharmacies have immediate access to  their prescription histories at any nearby Walgreens. The firm also  expects to complete transactions for two additional Drug Fair locations  in the upcoming weeks.

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