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8-K - FORM 8-K - WALGREEN CO | c60603e8vk.htm |
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Michael Polzin | |||
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FOR IMMEDIATE RELEASE | http://news.walgreens.com |
Walgreens Names Dr. David J. Brailer to Board of Directors
DEERFIELD, Ill., Oct. 6, 2010 Walgreen Co. (NYSE, NASDAQ:WAG) today announced that David J.
Brailer, MD, PhD, Chairman of Health Evolution Partners, has been elected to its board of
directors. Brailer, who joins the board as an independent director, becomes the boards
11th member.
Davids expertise in advancing health care technology on a national level, as well as his
experience in supporting companies through investments that promote major change in the health
system will provide us with valuable insight, said Walgreens Chairman Alan G. McNally. This will
be extremely important in the years ahead as technology plays an even greater role in the delivery
of quality, affordable and accessible health care.
Brailer has served as Chairman of Health Evolution Partners since 2006. Prior to joining
Health Evolution Partners, he was appointed by the Bush Administration as the first National Health
Information Technology Coordinator in 2004. In this role, Brailer was the architect of the nations
effort to bring the health care system into the information age, leading a bi-partisan effort that
moved the U.S. health care system toward transparency, quality and efficiency.
Before his appointment, Brailer was a senior fellow at the Health Technology Center in San
Francisco, a non-profit research and education organization that provides strategic information and
resources to health care organizations about the future impact of technology in health care
delivery. At the Center, he advised a variety of regional and national data sharing projects.
In 1992, Brailer founded CareScience, Inc., as a spin-off from The Wharton School of Business
at the University of Pennsylvania. Over the 10 years he was with the company, Brailer led CareScience through several financings, strategic partnerships, an IPO and a strategic sale.
Under his leadership, CareScience established itself as an early leader in the use of the Internet
to share health information and to improve the quality of care across the United States.
Prior to 1992, Brailer was with the University of Pennsylvania School of Medicine and The
Wharton School of Business. He founded the health information technology program at The Wharton
School Health Management Program, taught health management and economics in the Wharton MBA program
and lectured in The Wharton Executive Education program. He also was an active patient-care
physician in general medicine and in immune deficiency at the University of Pennsylvania.
Brailer received a bachelor of arts degree in political science and his MD from West Virginia
University. He completed his residency in internal medicine at the University of Pennsylvania
School of Medicine and earned a PhD in health economics from The Wharton School of Business.
Walgreens President and CEO Greg Wasson said, David will be a tremendous resource to our
board and our company as we help patients and payers lower health care costs while improving
quality, outcomes and transparency through our pharmacy, health and wellness solutions.
Walgreens (www.walgreens.com) is the nations largest drugstore chain with fiscal 2010 sales
of $67 billion. The company operates 7,561 drugstores in all 50 states, the District of Columbia
and Puerto Rico. Each day, Walgreens provides nearly 6 million customers the most convenient,
multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and
wellness services and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along with pharmacy
benefit solutions and respiratory services. These services improve health outcomes and lower costs
for payers including employers, managed care organizations, health systems, pharmacy benefit
managers and the public sector. Walgreens Take Care Health Systems subsidiary is the largest and
most comprehensive manager of worksite health centers and in-store convenient care clinics, with
more than 700 locations throughout the country.
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