Posted by TDCTY Editor on May 1st, 2008
“We are pleased to partner with Whole Health to run our on-site health and wellness center. We are committed to the wellness of our employees and are providing them with the tools they need to live a healthy lifestyle,” said Deborah Hamilton, TIAA VP, Benefits. “The on-site health and wellness center is part of an integrated and comprehensive approach we are taking to provide our employees access to preventive wellness programs.”
Source: BusinessWire
Original Publication Date: April 30, 2008
Posted by TDCTY Editor on March 18th, 2008
Walgreen may be on its way to your office. The drug store chain is buying its way into the business of providing on-site health care for employers.
Walgreen execs said yesterday that the company’s buying a shop called I-trax for about $260 million and another company called Whole Health Management for an undisclosed amount, the WSJ reports.
Like its archrival CVS, Walgreen is no longer content with its retail business selling prescriptions, over-the-counter drugs and a random assortment of groceries and novelty items. Walgreen and CVS have both been busy opening retail clinics to provide health care in their stores. And last year, CVS merged with the giant pharmacy benefits manager to get into the business of managing companies’ prescription drug benefits.
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Posted by TDCTY Editor on March 17th, 2008
Walgreen Co. (NYSE:WAG) said Monday it created a new health and wellness division and as part of the division’s strategy, the company plans to acquire I-trax (AMEX:DMX) Inc. and privately held Whole Health Management of Cleveland.
The company intends to acquire I-trax for about $278 million in cash and the assumption of roughly $18.3 million in net debt.
An affiliate of Walgreens will begin a tender offer within 10 business days for all outstanding common stock of I-trax at $5.40 a share. Shares of I-trax closed Friday at $3.90.
The terms of the Whole Health Management transaction weren’t disclosed.
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Posted by TDCTY Editor on March 10th, 2008
Whole Health Management, a leading operator of on-site and near-site health clinics for large corporations, and Sprint, opened a 4,500 square-foot health and wellness center and pharmacy on Feb. 15 to serve Sprint employees working at the company’s Reston, Va. offices. The on-site clinic offers quality health services to more than 4,000 Sprint employees and their spouses, as well as minor dependents 14 and older.
The clinic is open to employees Monday through Friday, and is one of two on-site health care clinics operated by Whole Health at Sprint facilities; the other health and wellness center is located at Sprint’s main campus in Overland Park, Kan.
“We are excited to partner with Whole Health to open a second on-site health and wellness center for our Reston employees,” said Stacey Nelson, health care delivery manager for Sprint. “Our existing Whole Health clinic has provided our employees with superior health care services, improving access to care and enhancing employee engagement in important health-care decisions. They have been able to do this while helping to increase productivity and reduce health-care costs. Sprint’s decision to open a new health center and pharmacy supports our efforts to attract and retain the best employees and to keep our employees healthy and productive.”
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Posted by TDCTY Editor on March 4th, 2008
Whole Health Management (WHM), a leading operator of on-site and near-site health clinics and wellness centers for large, self-insured corporations recently hired James F. Leleszi and Thomas J. Neville as vice presidents of business development. These additional business development resources have been recruited to Whole Health to address the increasing demand from corporations that are looking for high quality, improved access and economical health care solutions.
“Jim and Tom bring tremendous healthcare business and finance experience to our business development team,” said Jim Hummer, founder and CEO of WHM. “I am confident that their detailed understanding of the health care industry as well as the needs of business will benefit both our current and prospective clients. Jim and Tom will be able to bring many years of experience to bear as Whole Health continues to expand its scope of on-site and near site health and wellness services.”
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