Detroit Medical Center, which is owned by Dallas-based Tenet Healthcare, entered into a definitive agreement to sell its outpatient and retail pharmacy business to Deerfield, Ill.-based Walgreens as part of its pharmacy reorganization plan, according to Crain's Detroit Business.
A DMC spokesperson confirmed the partnership in a May 18 statement to Becker's Hospital Review.
"The Detroit Medical Center has reached a definitive agreement with Walgreens regarding the sale of our retail, outpatient pharmacies. Walgreens, a trusted care provider in the community, delivering cost-effective pharmacy, health and wellness services, shares our commitment to serving the people of Detroit," the spokesperson said.
The financial details of the deal have not been disclosed.
In an email to employees obtained by Crain's, DMC CEO Tony Tedeschi, MD, said officials expect to complete the transition by August.
All DMC pharmacy employees will have the opportunity to interview for positions with Walgreens, either at DMC retail pharmacies or other Walgreens locations in the Detroit area, or at DMC, officials said. Following completion of the deal, Walgreens will consolidate certain pharmacy locations and rebrand others to the Walgreens brand.
A spokesperson for Walgreens also confirmed the agreement to Becker's May 18, stating, "We look forward to continuing to work with DMC's medical team as we focus on improved health outcomes through personalized support, patient engagement and expert care."