Walgreens Expanding Business Model for Pharmacy, Health, & Wellness

Drug store chain Walgreens plans to expand beyond pharmacy services into health care and retail services. In a November 16, 2010 letter to shareholders, Walgreens Chairman Alan G. MacNally said the company is evolving its business from the traditional retail drugstore model to offer comprehensive pharmacy, health and wellness solutions to patients and health care payers. One market Walgreens will be exploring is the 32 million more Americans who will gain access to insurance in 2014 under the Patient Protection and Affordable Care Act of 2010. In 2010, Walgreens sold 778 million U.S. retail prescriptions—about 20% of all . . .