Walgreens Completes Acquisitions of Worksite Health Care Providers I-trax/CHD Meridian...

Walgreens Completes Acquisitions of Worksite Health Care Providers I-trax/CHD Meridian Healthcare and Whole Health Management

Company looks to offer 10,000 points of care by 2012, including
pharmacies and retail and worksite health centers, to deliver health
care solutions where people live and work
DEERFIELD, Ill.--(Business Wire)--
Walgreens (NYSE:WAG)(NASDAQ:WAG) has completed its acquisitions of
I-trax, Inc., parent company of CHD Meridian Healthcare, and
privately-held Whole Health Management, two leading companies that
together operate more than 350 worksite health centers. The acquired
companies' services include primary and acute care, wellness, pharmacy
and disease management services and health and fitness programming.

The acquisitions position Walgreens as the leading provider of
worksite health services. Combined with Walgreens wholly-owned
subsidiary and convenient care clinic manager, Take Care Health
Systems, they will form the platform for the new Walgreens Health and
Wellness division. Chadds Ford, Penn.-based I-trax/CHD Meridian and
Cleveland-based Whole Health will combine to operate under the name,
Take Care Employer Healthcare Solutions.

"Our official entry into the health care services and wellness
space marks a very exciting day for our shareholders, customers and
employees," said Walgreens Chairman and CEO Jeffrey A. Rein. "We
believe our leadership position in pharmacy, trusted health care brand
and goal of 10,000 points of care by 2012 will give us opportunities
to meaningfully address the access issues that currently challenge the
U.S. health care system."

Corporate clients served by I-trax/CHD Meridian and Whole Health
include BMW, Eastman Chemical, Glatfelter, Lowe's, Toyota, Continental
Airlines, Florida Power and Light, Harrah's Entertainment, Scotts
Miracle-Gro and Sprint.

"Walgreens Health and Wellness division is positioned to deliver
an unparalleled offering to the marketplace," said Hal F. Rosenbluth,
president of Walgreens Health and Wellness and chairman of Take Care
Health Systems. "We will combine the strength of Take Care Employer
Healthcare Solutions with our existing Take Care Health Clinics,
located at Walgreens drugstores, to improve patient health outcomes,
lower costs and increase Walgreens relationships with employers and
health plans."

On March 17, Walgreens announced its intent to acquire I-trax,
Inc. in a cash transaction valued at approximately $278 million,
including the assumption of debt. On April 25, Walgreens announced the
successful completion of the tender offer for I-trax. On April 30,
Walgreens completed its acquisition of I-trax through a merger in
which all shares of I-trax common and preferred stock not validly
tendered and purchased in the tender offer were converted into the
right to receive cash consideration equal to the applicable tender
offer purchase price per share. As a result of the merger, I-trax
became a wholly-owned subsidiary of Walgreens and the shares of I-trax
were withdrawn from trading on the American Stock Exchange.

Walgreens also announced on March 17 its agreement to acquire
Whole Health Management; terms of the deal weren't disclosed.

For employers seeking more information on Take Care Employer
Healthcare Solutions, email:
employerhealthcaresolutions@takecarehealth.com.

About Walgreens

Walgreens is the nation's largest drugstore chain with fiscal 2007
sales of $53.8 billion. The company operates 6,271 stores in 49
states, the District of Columbia and Puerto Rico. Walgreens is
expanding its patient-first health care services beyond traditional
pharmacy through Walgreens Health Services, its managed care division,
and Take Care Health Systems, a wholly-owned subsidiary that manages
163 convenient care clinics at Walgreens drugstores. Walgreens Health
Services assists pharmacy patients and prescription drug and medical
plans through Walgreens Health Initiatives Inc. (a pharmacy benefit
manager), Walgreens Mail Service Inc., Walgreens Home Care Inc.,
Walgreens Specialty Pharmacy LLC and SeniorMed LLC (a pharmacy
provider to long-term care facilities). More information about
Walgreens is available at Walgreens.com.

About Take Care Health Systems(SM)

Take Care Health Systems (www.takecarehealth.com), one of the
largest managers of convenient care clinics, is a wholly-owned
subsidiary of Walgreens. The Company combines best practices in health
care and the expertise and personal care of providers to deliver
access to high-quality, affordable, convenient health care to all
individuals. Take Care Health Clinics are located at select Walgreens
drugstores nationwide, where nurse practitioners and physician
assistants focus exclusively on the diagnosis and treatment of common
family illnesses, vaccinations, physicals and screenings. Take Care
Health Systems currently manages 163 Take Care Health Clinics in 17
cities throughout 14 states, with plans to have more than 400 clinics
in operation by the end of 2008. The Company maintains a detailed
quality assurance program including collaborating physician review to
promote quality care, patient safety and state scope of practice
compliance. Patient care is provided by Take Care Health Services, an
independently owned state professional corporation established in each
market.

About I-trax

I-trax is a leading provider of integrated workplace health and
productivity management solutions. Serving more than 160 clients at
nearly 300 locations in the United States, I-trax offers on-site
health, fitness and wellness centers through its CHD Meridian
Healthcare, LLC and ProFitness Health Solutions, LLC subsidiaries that
deliver primary care, acute care corporate health, occupational health
and pharmacy care management services, as well as fitness and wellness
programming and integrated disease management programs. CHD Meridian
is focused on making the workplace safe, helping companies achieve
employer of choice status, and reducing costs while improving the
quality of care received and the productivity of the workforce.
Managing employer-sponsored health centers for over 40 years, some of
CHD Meridian Healthcare's clients include: BMW, Coushatta Casino
Resort, Deutsche Bank, Eastman Chemical, Fieldale Farms, Glatfelter,
Lowe's, Toyota and Unum. For more information, visit
www.chdmeridian.com.

About Whole Health Management

Whole Health Management is a leading operator of on-site and
near-site employer sponsored clinics, health and wellness centers, and
pharmacies in the United States. Since 1981, Whole Health has provided
comprehensive and integrated occupational health, preventive care,
urgent and primary care, physical therapy, fitness programs, health
risk and disease management, health coaching and behavioral health
counseling to corporate employees and their families. Whole Health
clinics deliver significant savings to corporations through lower
health care costs, increased productivity, reduced employee sick time,
and decreased pharmacy costs. Whole Health currently serves more than
300,000 employees, and in many cases, spouses and dependents, at 69
sites, including many large corporations and Fortune 500 companies.
For more information about Whole Health, visit www.wholehealthnet.com.

Cautionary Statements

This news release may contain forward-looking statements that
involve risks and uncertainties (as such "forward-looking" statements
are defined under the U.S. Private Securities Litigation Reform Act).
The following factors, among others, could cause results to differ
materially from management expectations as projected in such
forward-looking statements: the inability to satisfy conditions to the
completion of the transaction; the risk that the businesses will not
be integrated successfully; the risk that the cost savings and any
other synergies from the transaction may not be fully realized or may
take longer to realize than expected; disruption from the transaction
making it more difficult to maintain relationships with customers,
employees or suppliers; social and political conditions such as war,
political unrest and terrorism or natural disasters; and general
economic conditions and normal business uncertainty and competition
and its effect on pricing, spending, third-party relationships and
revenues.

These forward-looking statements speak only as of the date of this
press release, and no undertaking has been made to update or revise
them if there are changes in expectations or if any events, conditions
or circumstances on which any such forward-looking statement is based.
Investors are referred and encouraged to read the "Cautionary Note
Regarding Forward-Looking Statements" in Walgreens most recent Form
10-K, as amended, as well as the "Forward-Looking Statements" section
of I-trax's Form 10-K, each of which is incorporated into this news
release by reference.

Walgreens
Michael Polzin
(847) 914-2925
http://news.walgreens.com

Copyright Business Wire 2008