January 25, 2010 (FinancialWire) — Walgreens (NYSE: WAG) (NASDAQ: WAG) said it has signed an agreement to acquire three El Amal pharmacies in Puerto Rico. The pharmacies are expected to transition to Walgreens by the end of February.

In addition, Walgreens has agreed to purchase prescription files associated with 11 El Amal pharmacies. These locations, listed below, are expected to close by the end of the month.

Nivia Santiago, Puerto Rico Market vice president for Walgreens, said, “This agreement allows us to quickly provide our innovative pharmacy services to more of the Island’s population.”

Santiago added that the company believes in Puerto Rico’s potential for long-term economic growth.

Walgreens is the largest chain of pharmacies in Puerto Rico. It started operations on the island in 1960. The company has 100 pharmacies, about 5,000 employees and more than 450 licensed pharmacists in Puerto Rico.

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