Walgreens acquires, combines I-trax and Whole Health Management to form new division

By Lisa Kerner

Charlotte, N.C., May 1 - Walgreen Corp. completed its acquisitions of I-trax, Inc., parent company of CHD Meridian Healthcare, and privately held Whole Health Management, it was announced on Thursday.

Together, I-trax and Whole Health operate more than 350 worksite health centers, according to a Walgreens news release.

Walgreens said I-trax and Whole Health, combined under the name Take Care Employer Healthcare Solutions, will form the platform for the new Walgreens Health and Wellness division.

"Walgreens Health and Wellness division is positioned to deliver an unparalleled offering to the marketplace," Hal F. Rosenbluth, president of Walgreens Health and Wellness and chairman of Take Care Health Systems, said in the release.

"We will combine the strength of Take Care Employer Healthcare Solutions with our existing Take Care Health Clinics, located at Walgreens drugstores, to improve patient health outcomes, lower costs and increase Walgreens relationships with employers and health plans," Rosenbluth added.

It was previously reported that Walgreens would acquire I-trax for approximately $278 million in cash, including the assumption of about $18.3 million in net debt.

Terms of the Whole Health Management deal were not disclosed.

Walgreens operates a chain of drugstores and is based in Deerfield, Ill.

I-trax, through its subsidiaries CHD Meridian Healthcare and ProFitness Health Solutions, provides worksite health services, including primary and acute care, wellness, pharmacy and disease management services and health and fitness programming, for more than 160 employers. The company is based in Chadds Ford, Pa.

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