Omnicare & Walgreen Trade Assets, Walgreen Sales Disappoint Friday, September 3, 3:38 PM ET
Walgreen (WAG) and Omnicare (OCR) announced an asset trade today, in which Omnicare will acquire Walgreen’s long-term care pharmacy business, and Walgreen will acquire Omnicare’s home infusion business.
Walgreen will takeover Omnicare’s six home infusion locations in Maryland, Nevada, Virginia, Pennsylvania and California, a compounding pharmacy in Nevada and a home care management location in Maryland.
Omnicare will acquire Walgreen’s long-term care pharmacy locations in Colorado, Texas, Florida, Georgia, and Maryland.
The companies did not disclose financial terms. The transaction is expected to close in November.
Also today, Walgreen said same-store sales in August rose 2.1%, short of analyst expectations. Sales at the newly acquired Duane Reade stores, up 8.6% vs. last year, were not included in the figures.
ZYME Crosses Below Key Moving Average Level Wednesday, April 17, 4:49 PM ET, by Market News Video Staff In trading on Wednesday, shares of Zymeworks Inc (ZYME) crossed below their 200 day moving ...
WVE Crosses Below Key Moving Average Level Wednesday, April 17, 4:49 PM ET, by Market News Video Staff In trading on Wednesday, shares of Wave Life Sciences Ltd (WVE) crossed below their 200 ...
Notable Two Hundred Day Moving Average Cross - SUPN Wednesday, April 17, 4:45 PM ET, by Market News Video Staff In trading on Wednesday, shares of Supernus Pharmaceuticals Inc (SUPN) crossed below their 200 day ...
Relative Strength Alert For Apellis Pharmaceuticals Wednesday, April 17, 4:42 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Balchem Enters Oversold Territory (BCPC) Wednesday, April 17, 4:42 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.