Walgreens Home Care snaps up another company
DEERFIELD, Ill. - Walgreens Home Care extended its reach in Oklahoma with the acquisition of Canadian Valley Medical Solutions, the company announced Feb. 16.
Jeff Wills, AAHomecare's HME/RT council chairman co-owns the Oklahoma City-based CV Medical Solution. The company provides home infusion therapy, respiratory services, oxygen, custom mobility and HME.
The move is the latest in a string of acquisitions by Walgreens, which is acquiring existing businesses to build upon as part of its controlled growth strategy (See HME News, December 2005).
Walgreens' vice president of Home Care, Ron Allen, said the acquisition demonstrated the company's commitment to home care in the Oklahoma market.
"CV Medical Solutions has an excellent reputation in the communities it serves and will complement our current facility in Tulsa," Allen said in a statement.
Walgreen's entered the Oklahoma market in early 2005 when it acquired the respiratory therapy and HME assets of D&T Medical. At that time, the company said it planned to offer infusion services in the near future.
Wills said the move is mutually beneficial.
"This strengthens our presence in Oklahoma and only adds to our momentum to increase market share," Wills said in a statement.
Wills and his current staff will continue to run the day-to-day operations.