HealthLeaders Media Finance
8/4/2008
Byline Article From Lang Aston, Managing Director
Consumerism in healthcare has given rise to retail-based
convenience health clinics throughout the United States. The
concept has grown from an industry anomaly to a disruptive
innovation, starting with only 60 stores in 2000 to nearly 2,000
clinics projected by the end of 2008. These clinics are clamoring
for a piece of industry revenues, which are expected to reach
nearly $4.5 billion by 2011, according to a new report from
Kalorama Information. This tremendous revenue stream has lured new
market entrants while invigorating clinic expansion efforts in
grocery stores, big box retailers and other mass merchandisers. Big
pharmacy retailers such as CVS/Caremark, which bought Minute
Clinic, and Walgreen’s, which purchased Take Care Clinics, have
already acquired clinic upstarts. If these deals are any
indication, stand-alone retail clinic chains could become prime
acquisition targets in 2008-2009. Expect major food/pharmacy
retailers as well as private equity firms to participate in the
bidding.
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