To kick off 2024, Calgary Co-op is expanding its health and wellness offerings.
In a recent news release, the retail co-operative announced that one of its wholly-owned subsidiaries has entered into a “definitive agreement” to acquire Ontario-based Care Pharmacies. The financial details of the deal weren’t disclosed.
“We believe that Care Pharmacies will be a tremendous fit with our focus on growth in health [and] wellness, led by Pharmacy and supported by Natural Foods and Home Health Care,” Ken Keelor, CEO of Calgary Co-op, said in the release.
Keelor added that the acquisition “will follow enhancements we’ve made to our own pharmacies over the last few years.”
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Following the closure of the transaction, which is expected to take place in the first quarter, Calgary Co-op said Care Pharmacies will continue to operate as a separate entity with the same leadership team.
As Care Pharmacies prepares to come under new management, here are a few things that non-unionized employees in Canada need to be aware of.
If Calgary Co-op’s acquisition of Care Pharmacies results in you losing your job, then Care Pharmacies must provide you with full severance pay.
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