Access Medical Clinics to own and operate clinics in two Longs Drugs in
WALNUT CREEK, Calif., Dec. 6 /PRNewswire-FirstCall/ -- Longs Drug Stores Corporation (NYSE: LDG) is pleased to announce today that it plans to lease space to Access Medical Clinics to own and operate walk-in medical clinics in two Longs Drugs by the end of calendar 2007. The Longs Drugs in the Mililani Town Center and Ewa Beach will soon offer customers the added convenience of easy access to medical care.
Access Medical Clinics is an independent operator separate from Longs Drugs. Access plans to provide care to meet basic health needs such as the treatment of colds, flu, infections, rashes and strep throat. No appointment will be necessary since all care will be delivered on a walk-in basis. The clinics will be staffed by physicians with oversight over physician assistants and nurse practitioners.
"Longs Drugs welcomes Access Medical Clinics into our stores," said Bob Ingersoll, Group Vice President of Hawaii Store Operations. "We use a multiple operator model when pursuing the addition of walk-in medical clinics to our stores and we have similar relationships with independent medical clinics in four of our stores on the Mainland as well as nine Quest Diagnostic Labs. Longs is always looking for new ways to promote healthy lifestyles and enhance the convenience we offer our customers."
Longs' selection criteria for establishing relationships with independent medical practices include a shared focus on customer service. The clinics should offer quality care at affordable prices and services should be provided by a friendly and qualified staff within facilities that are designed to protect patient privacy.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements relate to, among other things, the company's plan to lease space to Access Medical Clinics, Access Medical Clinics opening of the clinics in the Mililani Town Center and at Ewa Beach, timing of the openings, expectations for additional clinics, operations of the clinics, capital expenditures, progress on strategic initiatives, opening, relocating and remodeling of stores, and are indicated by such words as "will", "expects", "estimates", "goals", "plans" or similar words. These statements are based on the Company's current plans and expectations and involve risks and uncertainties that could cause actual events and results to vary materially from those contemplated by such statements. Risks and uncertainties relate to, among other things, regulations relating to clinic operations, construction delays, changing market conditions in the overall and regional economy and in the retail industry, the new Medicare Drug Benefit, opening, remodeling and closing stores, landlord approvals, labor unrest, generic drug pricing, natural or manmade disasters, competition, maintaining satisfactory relationships with vendors, changes in applicable law or in the interpretation of applicable law by regulatory agencies or by legal, accounting or other professional advisors, or by the Company, and other factors described from time to time in the Company's news releases and in its annual, quarterly and other reports filed with the Securities and Exchange Commission. Please refer to such filings for a further discussion of these risks and uncertainties. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this news release.
About the Company
Headquartered in Walnut Creek, California, Longs Drug Stores Corporation (NYSE: LDG) is one of the most recognized retail drug store chains on the West Coast and in Hawaii. The Company operates 38 Longs Drugs in Hawaii and a total of 509 retail pharmacies in California, Hawaii and Nevada. Longs Drugs offer a wide assortment of merchandise focusing on health, wellness, beauty and convenience. Longs also provides pharmacy benefit management services and Medicare beneficiary prescription drug plans through its wholly-owned subsidiary, RxAmerica, LLC. Additional information about Longs and its services is available at http://www.longs.com and more information about RxAmerica is available at http://www.rxamerica.com.
|SOURCE Longs Drug Stores Corporation|
Copyright©2007 PR Newswire.
All rights reserved