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  • wagismoney wagismoney Aug 18, 2011 2:00 PM Flag

    Walgreens Immunization Business Flourishes while their competition languishes !!

    On the heels of strong demand for immunizations in the past couple of years, Walgreen(WAG_) has expanded its immunization offering across all of its 7,700 stores, including Duane Reade pharmacies and Take Care clinics.
    It now plans to offer immunizations in all stores and gobble up a larger share of the health care professional shortage area (HPSAs). Walgreen competes and outclasses CVS Caremark(CVS_), Wal-Mart(they are such a joke) and Rite-Aid(who is about to go out of business).
    We value Walgreen at $43.75 Trefis price estimate of its stock, which is about 20% above the current market price.
    Vaccination offers a huge market of over $40 billion in the U.S. As the Center for Disease Control and Prevention (CDC) now recommends flu shots every season for everyone over six months of age, the demand for vaccination is strong especially in the flu season. With its extensive network of pharmacies and clinics, Walgreen is well placed to tap into a decent size chunk of the immunization market.
    Walgreen greatly expanded its flu-shot program in 2009-10. Despite lower-than-expected demand last season, it offered more than 5.4 million seasonal flu shots, or more than four times the previous year, along with 2 million H1N1 vaccinations. Walgreen thus expanded its market share in vaccination, providing more flu-shot immunizations than any other entity.
    This year, Walgreen has further expanded its flu shot program to extend vaccination availability to every store, every clinic, every day. Walgreen has more than 27,000 certified immunizing pharmacists lined up to meet its objective of tapping into the immunization market. With its wide network of pharmacies and clinics, Walgreen also serves the health care professional shortage areas (HPSA), which consists of more than 20% of the U.S. population. It provided more than one-third of its flu shots in HPSAs during the last flu season.


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