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Walgreen to sell pharmacy benefits business

from Chicago Breaking Business

Walgreen Co. said recently it will sell its pharmacy benefit management business, which increasingly has conflicted with the drugstore giant's push to get consumers to fill their prescriptions at the pharmacy counter. The Deerfield, Ill.-based company will sell Walgreens Health Initiatives for $525 million in cash to Catalyst Health Solutions Inc. The deal is expected to close in June. more


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