Walgreen's Bold Move
I-Trax (DMX.A) acquisition provides reach beyond retail
I just checked the markets today expecting the worse after yesterday's Bear Sterns news and hearing the market open some 200 points down. To my surprise the markets ended nearly flat and there was a bright green indicator on my portfolio. I-trax was us 34%. Walgreen has offered 5.40$ a share for I-trax. Walgreen is trying to put pharma and primary care physicians into the workplace. A bold move that creates an completely different activity system for the leadership team at Walgreen to manage. Time will tell if this proves to be a smart move for Walgreen. It's a good move for I-trax shareholders.
