Discount retailer Fred’s Inc. has reached two separate deals to sell some of its pharmacy assets, including 10 drugstores and inventory, to Walgreens Boots Alliance Inc. and ExpressRx Co. for a total of about $16.4 million, the Wall Street Journal reported. Walgreens is looking to buy pharmacy inventory from Fred’s for about $9.4 million, according to a filing on Thursday in the U.S. Bankruptcy Court in Wilmington, Del. ExpressRx has agreed to purchase 10 Fred’s pharmacies for about $7 million. As part of Walgreens’ offer, the drugstore chain would acquire substantially all of Fred’s pharmacy assets, including prescription files and records, as well as retail prescription and pharmaceutical inventory.
