Walgreen Company (NYSE:WAG) plans to introduce a national platform targeting hospice providers

  on Dec 17,2012 Posted in Business News ,Finance
 
Share |
We're on   

Walgreen Company (NYSE:WAG) is going to introduce a national platform at the start of the upcoming year that targets the hospice providers, an about-face after abandoning its long-term care pharmacy business in 2010.

The company offer medications to dying patients, segment where it faces rising price competition, which is more profitable than retail sales. The hospice pharmacy industry is mostly fragmented, making it lucrative to a company with the lifting of Walgreen, which has annual revenue of $71.63 billion.

According to a complaint filed by a north suburban hospice pharmacy, the plans of national hospice platform were revealed by one of the Walgreen Company’s senior executive. The importance of the latest attempt could not be calculated.

However if the Deerfield-based company moves aggressively, hospice pharmacy will probably  make up just a fraction of the billions in revenue the company lost this year because of extended dispute with pharmacy benefit manager Express Scripts Holding Co. that ended in mid-September.

Walgreen Company (NYSE:WAG) hit 2.97% as their profit margin for the last twelve months and had an operating margin of 4.84%. Evaluating management effectiveness, return on equity was maintained at 12.86% in last twelve months. Return on assets for Intel was 6.98%. In the previous 52 weeks the price has traded between $28.53 – $37.35. The last session’s volume of 5.82 million shares competed with the average daily trading volume of 6.48 million shares.

Within the industry, CVS Caremark Corporation (NYSE:CVS) had a 3.21% profit margin in the last twelve months and an operating margin at 5.73%. Return on equity for this company was 10.36% in the last twelve months. Return on assets was 5.92%. In the last year the stock has moved within a range of $36.44 – $49.80. The last session’s volume of 12.01 million shares competed with the average daily trading volume of 7.28 million shares.

Rite Aid Corporation (NYSE:RAD) recorded a profit margin of -1.07% for the prior 12 months and an operating margin at -1.41%. Return on investment for this stock was -6.01% while return on assets was -3.90%.

Within the industry, GNC Holdings Inc (NYSE:GNC) had a 9.71% profit margin in the last twelve months and an operating margin at 17.26%. Return on equity for this company was 25.47% in the last twelve months. Return on assets was 9.34%.

 

 



 

Leave a Reply