Walgreen takes stake in fitness business
7/7/2011NEW YORK — Walgreen Co. said Wednesday that it has taken a minority stake in Core Performance, a company that provides wellness and fitness services in an effort to expand its offerings to corporate clients.
Walgreen’s Take Care Health Systems unit, which operates 400 work site centers at companies such as Intel Corp. and Walt Disney Co., will offer the wellness, fitness, and nutrition advice developed by Core Performance, whose investors include Polaris Venture Partners. Walgreen did not disclose the exact size of its investment in Core Performance.