Retail pharmacy company Walgreens has purchased Lovelace Retail Pharmacy, according to a Monday announcement.
Lovelace, which is based in Albuquerque, New Mexico, said it has entered into an agreement with Walgreens that gives its full pharmaceutical business to Walgreens. Lovelace plans to refocus its business on specialty and acute services in its six clinics, five hospitals and with over 80 providers.
“We look forward to expanding our presence in the Albuquerque and Santa Fe markets, and to working closely with Lovelace’s providers to serve their patients,” Walgreens regional vice president Matt Sesto said. “Our pharmacists are playing a critical role as part of patients’ care teams at hundreds of health system pharmacy locations across the U.S., helping to ensure continuity of care and improve patient outcomes.”
Five Lovelace locations will be converted to Walgreens starting April 8. Lovelace locations at Rio Ranch Boulevard, Towers/Walter Street, Journal Center Boulevard, Juan Tabo Boulevard and in Sante Fe will be converted, with the stores closing on May 15 and reopening on May 18.
Six Lovelace locations will close April 8: Montgomery Boulevard, Tramway/Encantado, Rio Bravo Boulevard, Gibson Boulevard, Coors Boulevard and Carlisle Boulevard. Customers will be able to have their prescriptions serviced at a nearby Walgreens.
“We believe the opportunity to affiliate closely with Walgreens, with its strong history and respected national position, is a positive for our community,” Lovelace CEO Brad Trom said. “Their strong reputation was a key consideration for us in agreeing to sell our pharmacies to Walgreens.”
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