The Medicap Pharmacy franchise began in 1971, with the opening of its first store in Des Moines, Iowa. Then called the Medicine Chest, this retail store served as the prototype for all Medicap Pharmacy locations to come. It combined several ideas into a concept that is still basic to the Medicap Pharmacy approach to pharmaceutical care – convenience, savings and a heightened level of patient care. It is from these fundamental ideas that the Medicap Pharmacy philosophy took shape.
In 1973 the company started franchising their concept and by 1981, the network of Medicap Pharmacy locations had grown to 28 in the state of Iowa. The network expanded for the first time outside the borders of Iowa in 1984, with the opening of a new Medicap Pharmacy store in neighboring Minnesota. Less than 10 years later, in 1993, an important milestone was reached when the 100th Medicap Pharmacy store opened for business.
In 2003 Medicap Pharmacies Incorporated was acquired by Medicine Shoppe International, Inc. (MSI). Today, Medicap Pharmacies Incorporated is a wholly owned subsidiary of MSI, and MSI supports both The Medicine Shoppe® and Medicap Pharmacy brands. Similar to Medicap Pharmacy locations, Medicine Shoppe pharmacies are franchises that focus on personalized patient care and services. Both companies offer franchisees a business proposition that enables them to control their own hours, select their own location and receive the financial and personal benefits of owning their own business.
Together, Medicine Shoppe pharmacy and Medicap Pharmacy stores form a network of more than 800 pharmacy locations nationwide and over 400 in five other countries. All are committed to offering expert, personalized pharmaceutical care to each and every one of their customers.
MEDICAP PHARMACY – COMMITTED TO CUSTOMER CARE
All Medicap Pharmacy stores are built upon the founding principle that each patient deserves personal, professional care and low-cost prescriptions. Our prime store locations, state-of-the-art store design, online refills, and drive-thru prescription window have helped us redefine the meaning of pharmacy convenience. Additionally, offering customers instant accessibility to our pharmacists has solidified our stance as the pharmacy that always makes time for you.
We continue to grow by focusing on new opportunities in the ever-changing health care market. Most all of our newest pharmacies feature private patient consultation rooms, and many of our older pharmacies have been remodeled to accommodate patient counseling areas.
ABOUT MEDICINE SHOPPE INTERNATIONAL
Medicine Shoppe International, Inc. (MSI), a Cardinal Health Company, is distinguished for its commitment to providing expert, personalized health care. MSI is the largest franchisor of independent community pharmacies in the U.S. with over 800 Medicine Shoppe and Medicap Pharmacy** locations across the United States, and more than 400 international pharmacies in Canada, China, Japan, Indonesia, and the Middle East.
** MSI acquired Medicap Pharmacies Incorporated in 2003, which franchises independent community pharmacies in the U.S. under the Medicap Pharmacy trade name.
ABOUT CARDINAL HEALTH
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $96 billion health care products and services company that improves the cost-effectiveness of health care. Cardinal Health helps pharmacies, hospitals, physician offices, surgery centers and other ambulatory care sites simplify the business of health care, so providers can focus on patient care. With a focus on making health care supply chains safer and more efficient, the company is one of the largest suppliers of pharmaceutical and medical products in the world, operates the largest network of radiopharmacies in the United States and is a leading manufacturer of medical products including gloves, surgical apparel and fluid management tools.
Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Cardinal Health's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to) the costs, difficulties, and uncertainties related to the integration of acquired businesses, the loss of one or more key customer or supplier relationships, changes in the distribution outsourcing patterns for healthcare products and/or services, the costs and other effects of governmental regulation and legal and administrative proceedings, and general economic conditions. Cardinal Health undertakes no obligation to update or revise any forward-looking statements.
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