Walgreens agrees to acquire assets of 12 Eaton Apothecary pharmacies

DEERFIELD, Ill. One of the nation's largest drug store chains has signed a definitive agreement to acquire the assets of a local pharmacy chain.

Walgreens announced Friday evening that it would acquire the assets of 12 Eaton Apothecary pharmacies in the Boston area from D.A.W. Inc., a subsidiary of Nyer Medical Group Inc. The transaction is valued at approximately $19 million.

“Today is a very special day for our Boston market,” said Dave White, Walgreens market VP for Boston on Friday. “Not only are we keeping most of the pharmacies open, but we also intend for eligible employees at all 12 locations to join our team. Eaton’s customers should expect to see the familiar faces and services they know and trust, while benefiting from Walgreens expanded product and service offering. We look forward to continuing Eaton’s 100-plus year tradition of quality pharmacy service in communities around the Boston area.”

The acquisition is subject to certain terms and conditions, and is expected to close within the next 90 days.

“I am happy to say that Walgreens interest in Eaton’s has been beyond buying only prescription files – they will continue to operate a majority of the 12 stores as well as hire all eligible employees from the 12 locations,” said Mark Dumouchel, president of D.A.W and Nyer Medical Group. “I am confident that the best choice for our customers and employees is Walgreens.”