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    Hy-Vee Acquires Faribault Drug Store

    This is the fourth addition this year to the crack regional operator's pharmacy business.

    Hy-Vee Inc. has purchased the prescription files and inventory from another independent pharmacy, which makes its latest acquisition of Boyes Pharmacy in Faribault, Iowa the supermarket chain's fourth this year of a locally-owned pharmacy.

    Boyes' files will be moved to the Faribault Hy-Vee pharmacy effective Monday, Dec. 15.
     
    The W. Des Moines, Iowa-based Hy-Vee earlier this year expanded its generic drug program to include a 90-day supply of medicine for $10, and also offers a 30-day supply of 400 generic drugs at a cost of $4 per prescription. The generic supply list includes antibiotics and drugs that treat ailments such as allergies, asthma, arthritis, diabetes, cholesterol and digestive issues.

    During 2008, Hy-Vee acquired three other Iowa-based pharmacies, including the former Medicine Shoppe in Belton in September and two others last January, including Nishna Valley Pharmacy Inc. in Shenandoah and Bedel's Drive-In Pharmacy in Storm Lake.

    With total 2007 sales of $5.6 billion, the employee-owned Hy-Vee operates 224 retail stores in seven Midwestern states.

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