Wal-Mart Has Added Companies To Its Prescription-Drug Effort
August 26 2009 - 3:44PM
Dow Jones News
Wal-Mart Stores Inc. (WMT) has expanded its prescription drug
program to companies beyond Caterpillar Inc. (CAT), where it has
been running a pilot program since September.
The world's biggest retailer has signed other companies to the
program, said spokeswoman Christi Gallagher, in the company's first
public comment about the expansion.
Wal-Mart declined to name the additions, saying the information
was proprietary. Wal-Mart had used Caterpillar as a banner to bring
attention to its aspirations to define itself as a supplier of
prescription medicine to businesses.
Wal-Mart's comments came Wednesday after Caterpillar said it
would be working with Walgreen Co. (WAG) to offer prescription
medicines to Caterpillar's 70,000 employees, retirees and their
dependants as of Jan. 1, 2010.
Caterpillar also said it was signing a two-year contract with
Wal-Mart, effective the same date, to take the program from its
pilot stage and continue it.
-By Karen Talley, Dow Jones Newswires; 212-416-2196;
karen.talley@dowjones.com