The L&R deal was announced last November and involves the HBC wholesale business that came along with the USA Drug acquisition by Walgreens from the Lafrance family in Pine Bluff, Arkansas.
In the context of Walmart's earlier announcement, I didn't see Walgreens February numbers as definitively bad, although I smell a rat in the flu references, one of which says flu revenue was flat to down and another which said the # of vaccinations was way up (each flu shot counts as one Rx in WAG accounting practice).
Anyone see the Time Magazine issue on healthcare entitled "A Bitter Pill to Swallow"? It was exceptional, fair, balanced and comprehensive reporting and I recommend it to everyone. It is still available, on-line. The segment devoted to prescription drug costs was very eye-opening.
GLTA,
Yank
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