Albertson's to Sell RxAmerica
's here has agreed to sell its interest in RxAmerica, a pharmacy benefits management company, to Longs Drug Stores Corp., Walnut Creek, Calif., which owned RxAmerica jointly with Albertson's. The terms were not disclosed.
RxAmerica was founded in 1994 by American Stores, which was subsequently acquired by Albertson's. Longs became a partial owner of RxAmerica in 1997, replacing American Stores' previous partner, Geneva Pharmaceuticals.<