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According to a recent company press release, Walgreen Co. has completed its purchase of USA drug, a regional drugstore chain in the mid-South region of the United States from Stephen L. LaFrance Holdings, Inc. and members of the LaFrance family. The transaction includes 144 stores that operate under the USA Drug, Super D Drug, May\u2019s Drug, Med-X and Drug Warehouse names located in Arkansas, Kansas, Mississippi, Missouri, New Jersey, Oklahoma and Tennessee. The acquisition also includes corporate offices, a distribution center located in Pine Bluff, Ark., and a wholesale and private brand business.<\/p>\n
In addition, Walgreens announced plans to close 76 of the acquired USA Drug stores. A large portion of the stores are located in the Tulsa area, where 13 former Drug Warehouse, May’s Drug and Med-X Drug stores will close this fall.\u00a0 All effected stores are in close proximity to existing Walgreens locations. Customer prescriptions will be transferred to nearby Walgreens stores.<\/p>\n
According to data from Chain Store Guide\u2019s<\/strong> 2012 Drug Industry Market Share Report<\/em>, USA Drug holds top positions in large markets. In the Tulsa, OK Core-Based Statistical area, it operates 28 pharmacy locations and has a 16.4% share of the prescription drug market. Closing the 13 area Tulsa stores will undoubtedly increase Walgreens\u2019 top market share position.<\/p>\n Tulsa, OK: Metro CBSA*<\/span><\/strong><\/p>\n *Source: Chain Store Guide<\/a><\/strong> 2012 Drug Industry Market Share Report<\/a><\/em><\/p>\n Breaking down the data a step forward, Chain Store Guide data shows USA Drug also owns prime market share positions in zip codes within the Tulsa area.<\/em><\/p>\n<\/p>\n