Loblaw Companies provides continuity of care to Zellers pharmacy patients
24 March 2012 - 2:00AM
PR Newswire (Canada)
BRAMPTON, ON, March 23, 2012 /CNW/ - - Loblaw Companies Limited
(Loblaw) announced today an agreement to purchase a majority of
Zellers Inc. prescription files. This move underscores
Loblaw's commitment to becoming the nation's health and wellness
destination of which pharmacy is a cornerstone. Loblaw will provide
continuity of care to Zellers' pharmacy patients starting with a
customer-focused transition plan. The arrangement comprises
prescription files from 95 Zellers pharmacies across the country,
excluding British Columbia and Quebec. Loblaw has close to 500
pharmacies, which ensures there is a Loblaw banner store pharmacy
neighbouring each of the 95 locations and a team ready to welcome
Zellers patients. The aggregate purchase price for the files
will be approximately $35 million. "Our goal is to be the number
one nutrition and health destination in Canada. We feed more
Canadians than any other grocery retailer in the country and with
this comes responsibility to help them make healthier food and
lifestyle choices. Our pharmacy business plays an important role in
this effort," said Michael Lovsin, senior vice-president, Health
and Wellness, Loblaw Companies Limited. "This purchase offers an
unprecedented opportunity for the continued growth of our pharmacy
business." Loblaw's commitment to livelifewell™ means providing a
high level of quality care, service and convenience to its pharmacy
patients. In this spirit, Loblaw is pleased to be working with
Zellers to create opportunities for Zellers pharmacists and
technicians to join Loblaw's pharmacy network. "We are pleased that
Loblaw will be taking on a majority of our prescription files. Its
industry leading health management programs and the proximity of
Loblaw pharmacy locations to our own will benefit our patients,"
said Lori Fasano, general merchandise manager of Pharmacy for
Zellers. "We will work closely with Loblaw to ensure a smooth
transition plan and minimize any inconvenience to our customers."
Zellers patients can be assured that Loblaw and Zellers are
committed to ensuring customer information remains protected in
accordance with applicable privacy legislation. Loblaw has
been committed to enhancing its pharmacy service by rolling out new
information technology systems and implementing new methods which
improve prescription processing times and enable pharmacists to
spend more time with their patients. With more than thirty years of
history in the Canadian pharmacy business, Loblaw offers in-store
dietitians, patient education programs and registered pharmacy
technicians to address the health and wellness needs of
customers. This offering extends to partnerships with third
party organizations such as Hypertension Canada, the Canadian
Diabetes Association and Anaphylaxis Canada to bring exclusive
products and services to Loblaw customers. Additionally, Loblaw
banner stores are home to more than 100 affiliated medical clinics,
100 optical stores and 60 Good Life Fitness facilities.
Loblaw offers a wide range of healthy products, including more than
300 natural value products and President Choice® Blue Menu. From
seafood to meat to produce and baked goods, Loblaw banner stores
sell the most fresh food of any retailer in Canada*, making it a
one-stop health and wellness destination. To learn more about
Loblaw banner store pharmacies, and list of Zellers pharmacies and
Loblaw banner stores involved in this pharmacy prescription file
transfer, please visit www.drugstorepharmacy.ca and Loblaw.ca
Loblaw pharmacies are located at Loblaws(®,) Loblaw greatfood™,
Zehrs(®), Zehrs greatfood™, Fortinos(®), Real Canadian Superstore™,
nofrills(®), valu-mart(®), Atlantic Superstore(®), Save-Easy(®),
Provigo(®), Maxi(®) & Cie, Extra Foods(®, )Wholesale Club™,
Your Independent Grocer(®), SuperValu(®) and Dominion locations in
Newfoundland only Loblaw Companies Limited, a subsidiary of George
Weston Limited, is Canada's largest food retailer and a leading
provider of drugstore, general merchandise and financial products
and services. Loblaw is one of the largest private sector employers
in Canada. With more than 1,000 corporate and franchised stores
from coast to coast, Loblaw and its franchisees employ more than
135 000 full-time and part-time employees. Through its portfolio of
store formats, Loblaw is committed to providing Canadians with a
wide, growing and successful range of products and services to meet
the everyday household demands of Canadian consumers. Loblaw is
known for the quality, innovation and value of its food offering.
It offers Canada's strongest control (private) label program,
including the unique President's Choice®, no name® and Joe Fresh®
brands. In addition, the Company makes available to consumers
President's Choice Financial® services and offers the PC® points
loyalty program. This news release contains forward-looking
statements. These forward-looking statements are not historical
facts but reflect Loblaw's current expectations concerning future
results and events. These forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations, including
but not limited to those risks and uncertainties discussed in
Loblaw's materials filed with the Canadian securities regulatory
authorities from time to time, including the Enterprise Risks and
Risk Management section of the MD&A included in Loblaw's 2011
Annual Report. Loblaw cautions that this list of factors is not
exhaustive. These forward-looking statements reflect Loblaw
management's current assumptions regarding these risks and
uncertainties and their respective impact on Loblaw.
Potential investors and other readers are cautioned not to
place undue reliance on these forward-looking statements, which
reflect Loblaw's expectations only as of the date of this news
release. Loblaw disclaims any intention or obligations to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
*AC Nielsen Loblaw Companies Limited CONTACT: Julija Hunter,
Vice-President, Public RelationsLoblaw Companies
LimitedJulija.Hunter@loblaw.ca or pr@loblaw.ca905-861-2437
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