Walgreens unit buys home care firm – Walgreens Health Initiatives – Home Care Medical Services – Brief Article – Statistical Data Included
DEERFIELD, Ill. — Beefing up its share of the home care and specialty health market, Walgreen Co. subsidiary Walgreens Health Initiatives has bought the assets of Florida-based Home Care Medical Services. The deal is in line with the company’s effort to offer a broad-based array of community healthcare services.
Terms of the sale were not disclosed. Ron Allen, vice president of home care services for WHI, said the purchase “is part of our ongoing strategy of acquiring quality home care businesses with local presence and relationships, particularly in Florida.
“Home Care Medical Services’ business standards and customer-focused philosophy strongly match WHI’s approach,” he added.
Based in Sunrise, Fla., Home Care Medical has provided respiratory services and equipment, home medical supplies and rehabilitation products to patients in southeastern Florida since the mid-1980s, according to Walgreens. Under terms of the sale, Home Care Medical owner Anthony Cataldi Sr. and others will remain with WHI.
WHI now operates home care centers in Illinois, Indiana, Wisconsin, New Mexico, Arizona and Florida. It also provides pharmacy benefit management services, mailorder pharmacy and specialty medicines and services.
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