Walgreen Co. (nyse: WAG), d/b/a Walgreens (without an apostrophe), is a leading pharmacy chain, mail service, and pharmacy benefit manager, with specialty pharmacy operations in 49 states, the District of Columbia and Puerto Rico. On Aug. 31, Walgreens operated 6,941 locations in 49 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities and specialty, institutional and mail service pharmacies. Its Take Care Health Systems subsidiary manages 220 convenient care clinics at Walgreens drugstores.
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Walgreen Co. (nyse: WAG), d/b/a Walgreens (without an apostrophe), is a leading pharmacy chain, mail service, and pharmacy benefit manager, with specialty pharmacy operations in 49 states, the District of Columbia and Puerto Rico. On Aug. 31, Walgreens operated 6,941 locations in 49 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities and specialty, institutional and mail service pharmacies. Its Take Care Health Systems subsidiary manages 220 convenient care clinics at Walgreens drugstores.
Walgreens is one of the two largest drug store chains in the United States. Walgreens states that it serves 5 million customers per day, filled 583 million prescriptions in fiscal 2007, and expects to have 7,000 stores by 2010. Walgreens was founded in Chicago, Illinois, in 1901 and has since expanded throughout the United States. Its headquarters is located in Deerfield, Illinois.
A typical Walgreens store is about with of sales area. They offer nearly 25,000 items for sale and typically staff between 25 and 30 people per store. On average, one store pulls in $8.5 million in annual sales. Most stores include a pharmacy, a photo lab, a cosmetics counter, and a general merchandise area.
Take Care Health Systems, a subsidiary, operates its Take Care Health Clinics inside an increasing number of Walgreens stores. Nurse practitioners treat common illnesses, prescribe medicines, perform screenings and offer vaccinations. Patients may have prescriptions filled through Walgreens's "Intercom Plus Pharmacy System"Fact: date=March 2008, or at another pharmacy of their choice. These clinics are open on evenings and weekends, with no appointments necessary, and accept insurance plans. Take Care has 204 clinics in 15 U.S. metropolitan areas (as of Aug. 26, 2008), and expects over 550 planned to open in the year 2008. Walgreens plans to open its first stores in Alaska in 2009, giving the nations largest drugstore chain a presence in all 50 states.
Company history
On July 12, 2006, David Bernauer stepped down as CEO of Walgreens and was replaced by company president, Jeff Rein. Holding degrees in accounting and pharmacy from the University of Arizona, Rein was a pharmacist, store manager, district manager, and treasurer prior to being named Chief Executive Officer and Chairman of the Board. Greg Wasson, former President of Walgreens Health Services, was named President and Chief Operations Officer.
On October 10, 2008, Jeff Rein retired from Walgreens and was replaced by Alan G. McNally as Chairman and Acting CEO.
Recent expansion
The 1,000th Walgreens store, located at the intersection of Dearborn & Division in Chicago, opened at 9:00 a.m. on September 6, 1984. The ribbon cutting ceremony was presided over by Illinois Governor James R. Thompson and the movie legend Cary Grant. Walgreens opened its 3000th store in Chicago in 2000; its 4000th store in Van Nuys, California, in 2003; its 5000th store in Richmond, Virginia, in October 2005; and its 6000th store New Orleans, Louisiana, in October 2007.

























