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	<title>Stock Blog Hub &#187; NYER</title>
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		<title>(WAG) Walgreen Acquires Pharmacies</title>
		<link>http://www.stockbloghub.com/2009/10/27/wag-walgreen-acquires-pharmacies/18786</link>
		<comments>http://www.stockbloghub.com/2009/10/27/wag-walgreen-acquires-pharmacies/18786#comments</comments>
		<pubDate>Tue, 27 Oct 2009 17:48:59 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Drug Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[NYER]]></category>
		<category><![CDATA[Nyer Medical Group Inc]]></category>
		<category><![CDATA[WAG]]></category>
		<category><![CDATA[Walgreen Company]]></category>

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		<description><![CDATA[Last week, Walgreen (WAG) decided to acquire the assets of 12 Eaton Apothecary pharmacies in the Boston area from D.A.W., Inc., a subsidiary of Nyer Medical Group Inc. (NYER) for approximately $19 million. The acquisition, subject to certain terms and conditions, is expected to close within the next 90 days. Following the transaction, Nyer would liquidate. We believe the acquisition will boost the company’s revenues going forward. Walgreen’s strong balance sheet has enabled it to grow its business through acquisitions even in the midst of recession. The company generated $852 million in the fourth quarter and $4.1 billion for the year in cash flow from operations, an increase of 55% and 35%, respectively driven by strong drugstore performance Incorporatedluding improved working capital. At the end of the last quarter, Walgreen ]]></description>
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