updated: 1/5/2009 2:25:09 PM

Kroger Acquires Bloomington Pharmacy

InsideINdianaBusiness.com Report

The Kroger Co. has acquired The Medicine Shoppe in Bloomington, Indiana and Decatur, Illinois. The grocery chain is purchasing the prescription records from Town & County Pharmacies Inc. Kroger is interviewing all employees at The Medicine Shoppe to fill vacant positions at its pharmacy locations.

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Source: Inside INdiana Business

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Press Release

BLOOMINGTON, IN – January 5th - The Kroger Co. announced the acquisition of the prescription records of The Medicine Shoppe in Bloomington, Indiana. The prescription records are being purchased from Town & County Pharmacies, Inc. Kroger has purchased the prescription records of The Medicine Shoppe Pharmacy in Decatur, Illinois as part of the same transaction. This follows Kroger’s purchase of two additional local pharmacies earlier this year.

Kroger is interviewing all employees at The Medicine Shoppe to fill vacant positions at other Kroger pharmacy locations and the pharmacist manager, Mike Schaueble, has agreed to join Kroger as an employee, continuing to care for the same patients he has taken care of for more than 25 years. Prescriptions for customers of The Medicine Shoppe have been transferred to the Kroger pharmacy at 528 South College in Bloomington, but customers also may have their prescriptions filled at any of the other three Kroger locations in Bloomington or any Kroger, Pay Less, Owen’s, Hilander or Scott’s location. The two companies have agreed not to disclose the purchase price or other details of the transaction.

According to Kroger Central Division’s Pharmacy Manager Greg Fox, “Kroger is very pleased to offer our competitive pricing and quality service to Medicine Shoppe’s customers in the highly competitive Bloomington market. We welcome these new customers to the Kroger family and look forward to meeting their pharmacy, health screening, immunization and other wellness needs. We are particularly pleased to welcome Mike Schaueble to our team as he continues a 25-year tradition of taking care of his patients. We also look forward to working with other new Kroger colleagues joining us from Medicine Shoppe. This acquisition follows our investment just last month in an expanded pharmacy at the College Mall store.”

Mr. Fox continued, “This Kroger operating division has opened 18 new pharmacies since 2003 and plan to open two or more pharmacies in 2009. In 2008 alone, we acquired four pharmacies and remodeled or expanded 11 pharmacies. This created 20 new pharmacy jobs and ensured job security for many other employees during a time of economic uncertainty.”

The Kroger Central Division has 153 food stores, 129 pharmacies and 52 fuel centers operating under five banners; Kroger, Scott’s, Owen’s, Hilander and Pay Less, with locations primarily in Indiana and Illinois, in addition to five stores in Missouri, one in Michigan and one in Ohio. Kroger Central Division is dedicated to supporting every local community it serves, contributing more than $7 million annually to local organizations, primarily focusing on hunger relief, K-12 education, health causes and diversity. At Kroger we value: honesty, respect, inclusion, diversity, safety and integrity.

Source: The Kroger Co.

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