Change is coming to two major pharmacy chains

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Now owned by McKesson Corp

Toronto, March 4 (CINEWS): It’s now official, Rexall and Pharmaplus the 470 strong pharmacy chain is set to be acquired by U.S. health-services company McKesson Corp. in a $3 billion deal.
It’s not even the first time the two companies have struck a deal for pharmacies. In 2012, the Katz Group, founded by Edmontonian Daryl Katz who currently controls the Rexall chain, sold 850 pharmacies that operate under IDA, Guardian Drugs and The Medicine Shoppe to another arm of McKesson’s health-care conglomerate.
This deal may have to do with the 2013 move by rival Shoppers Drug Mart to join forces with grocery chain Loblaws to create the largest pharmacy chain in the country, with more than 1,300 locations from coast to coast to coast.
What shoppers really need to know is whether or not these new changes will result in lower prices or more employment.

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