Walgreens to purchase pharmacy files from 185 Fred's pharmacies

Walgreens Boots Alliance reports it will buy Fred's patient prescription files and related pharmacy inventory for $165 million. The files will come from 185 Fred's stores located across 10 Southeastern states.

Walgreens Boots Alliance reports it will buy Fred's patient prescription files and related pharmacy inventory for $165 million. The files will come from 185 Fred's stores located across 10 Southeastern states. The exit from the pharmacy business by Fred’s comes after the firm was unable to escalate its shift to health care when a deal to buy hundreds of Rite Aid stores ended abruptly last year. An attempt by Walgreens to buy Rite Aid and satisfy the Federal Trade Commission by selling 865 Rite Aid stores to Fred’s was unable to pass regulatory muster. "This agreement increases patient access to Walgreens pharmacies in the Southeastern U.S., and allows us to introduce more people to Walgreens trusted pharmacy services in these communities," Walgreens President of Operations Richard Ashworth said. Fred's has already sold its specialty pharmacy business to CVS Health for $40 million. The companies expect the file transfers to begin in the fourth quarter of calendar 2018 and be completed in the first quarter of calendar 2019. Patients whose prescriptions are being transferred will be notified by letter. Once patient prescriptions are transferred from Fred’s to Walgreens, patients will have access to Walgreens pharmacy services