Roughly 10 weeks after drugstore giant Walgreens announced its intention to acquire online retailer Drugstore.com for approximately $409 million, the company this morning said that it has completed the purchase.
The transaction includes all websites directly owned and operated by Drugstore.com, as well as its corporate office and customer service and distribution center operations.
Walgreens President of E-commerce Sona Chawla will lead the combined e-commerce business.
Dawn Lepore, former drugstore.com CEO and chairman, is not sticking around, although he will apparently continue through a transition period as a strategic advisor to Chawla.
Drugstore.com will maintain separate branding of its websites.
Over the long term, Walgreens says it will fully integrate the two businesses and intends to enhance its multi-channel product assortment and the overall customer experience by “leveraging drugstore.com’s current websites”.