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Walgreen Co agrees to buy certain assets of BioScrip Inc

Date: 02-Feb-2012

By Anthony Noto

Deerfield, Ill.-based Walgreen Co. agreed to buy certain assets of BioScrip Inc., a provider of pharmacy and home health services, for roughly $225 million. As part of the deal, Walgreen will own BioScrip's mail service pharmacy businesses, among other segments. Peter J. Solomon Co. LP acted as financial adviser to Walgreens in the transaction, and the law firms of SNR Denton and Weil Gotshal and Manges LLP served as the company’s legal counsel. Elmsford, N.Y.-based BioScrip tapped MTS Health Partners LP as financial advisers, along with law firm King & Spalding LLP to handle legal matters.