With a $10 million investment from Walgreen, the pharmacy will be able to hire a full-time team to make it more accessible for patients.
With a $20 million investment by Walgros, Walgens pharmacy will also be able add new products, new delivery methods and improve its online capabilities, a Walgues spokesperson told ESPN.
“It’s a real big deal, we’re very excited,” said Michael Fadiman, a pharmacy and health services analyst at Gartner.
“This is a really important step for the pharmacy.
The Walgys pharmacy will now be able better serve the needs of its patients, and hopefully, that will spur more people to seek out the products that they need and want.”
The pharmacy was founded in 1971 and has more than 1,400 stores around the world.
According to the pharmacy’s website, it was founded by the late Mariano Sanchez, a Spanish immigrant who worked at Walgos in the 1970s.
Sanchez died in 2008, but the pharmacy has operated in the Philippines, China and Taiwan since.
It was acquired by Walgreen in 2013 for $1.3 billion.
In March, the company announced it was looking to boost its workforce by 50 percent by 2020, with a focus on pharmacy care and the healthcare workforce.
While the pharmacy does not offer pharmacy training, it is planning to add a full pharmacare program in the next couple of years, said Walgrees spokesperson Kevin McLean.
McLean added the pharmacy plans to hire 50 new pharmacists over the next three years.
Walgreens previously announced it would spend $1 billion on its first-quarter earnings.
Its stock price fell 5.9 percent to $13.82 on Friday.