{"id":11510,"date":"2019-01-30T11:49:57","date_gmt":"2019-01-30T16:49:57","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11510"},"modified":"2019-01-30T11:49:57","modified_gmt":"2019-01-30T16:49:57","slug":"breaking-buyers-shopko-pharmacy-auction","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/01\/breaking-buyers-shopko-pharmacy-auction\/","title":{"rendered":"Breaking Down the Buyers: ShopKo Pharmacy Auction"},"content":{"rendered":"<p>As part of its efforts to emerge from Chapter 11 bankruptcy, <strong>ShopKo <\/strong>placed the assets of 120 of its pharmacies on the auction block, and the results are out. The assets in question included prescription files and records, pharmacy customer lists and patient profiles, in addition to inventory.<\/p>\n<p><strong>Walgreens<\/strong> emerged as the largest buyer, scooping up the assets of slightly more than half of the locations. In total, more than 20 drugstore and supermarket chains got in on the action. The auction follows an earlier sale of much of its pharmacy business to <strong>Kroger, Hy-Vee<\/strong> and <strong>CVS <\/strong>that netted the company close to $95M.<\/p>\n<p>It\u2019s not clear, however, that the sale will be enough to save the company. ShopKo claims that it\u2019s happy with the approximately $54M it raised from the auction, while creditors argue that it fell short of the contribution it needed to clear satisfy its debts.<\/p>\n<p><center><\/p>\n<div class='tableauPlaceholder' id='viz1548866639509' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Sh&#47;ShopKoAuctionResultsJan19&#47;ShopKoAuctionResults&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='ShopKoAuctionResultsJan19&#47;ShopKoAuctionResults' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Sh&#47;ShopKoAuctionResultsJan19&#47;ShopKoAuctionResults&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1548866639509');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='700px';vizElement.style.height='552px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n<p>With more than 4,700 company records and 16,000 personnel listings, Chain Store Guide\u2019s <a href=\"https:\/\/www.chainstoreguide.com\/c-82-drug-store-and-hbc-chain-leads.aspx\" target=\"_blank\" rel=\"noopener\"><strong>Drug Store and HBC Chains<\/strong> <\/a>Database provides subscribers with the data and leads they need to succeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its efforts to emerge from Chapter 11 bankruptcy, ShopKo placed the assets of 120 of its pharmacies on the auction block, and the results are out. The assets in question included prescription files and records, pharmacy customer lists and patient profiles, in addition to inventory. Walgreens emerged as the largest buyer, scooping&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/01\/breaking-buyers-shopko-pharmacy-auction\/\">Continue reading <span class=\"screen-reader-text\">Breaking Down the Buyers: ShopKo Pharmacy Auction<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[17],"class_list":["post-11510","post","type-post","status-publish","format-standard","hentry","category-drug-hbc","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11510"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11510\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}