Shoppers Drug Mart buys seven-store pharmacy chain in Quebec City

From Canada East:
Shoppers Drug Mart Corp. (TSX:SC) is increasing its presence in the Quebec City area.

A subsidiary of Shoppers has bought the assets of Centre d'Escomptes Racine, a long established pharmacy chain, Canada's biggest drug store operator announced Tuesday.

No financial terms were revealed for the sale of the seven-store chain to Pharmaprix Inc., Shoppers' wholly owned Quebec-based unit, according to a release.

The acquisition of the stores boosts Pharmaprix's outlets to nine from two in the area. ...more