Bi-Lo Holdings to sell seven stores to Publix
LAKELAND and JACKSONVILLE, Fla. — Publix Super Markets and Bi-Lo Holdings LLC, parent company of the Bi-Lo and Winn-Dixie grocery store chains, on Friday announced they have entered into an agreement under which Publix is expected to purchase seven Bi-Lo-branded stores in North and South Carolina. The transaction is projected to close in October 2013 and includes seven leased stores as well as major equipment. Financial terms of the transaction were not disclosed.
“Publix has a strong financial foundation that allows us to aggressively grow throughout existing markets and our new Charlotte Division,” said Publix CEO Ed Crenshaw. “Publix offers differentiating services we know our customers have come to expect from us like premier service, valuable savings, quality products and knowledgeable associates. We’re excited to continue building life-long relationships with our Carolina customers and communities.”
“We have and will continue to fine-tune our company and network of stores so that we can reinvest in what matters most for our customers. Examples are our recent announcements to acquire 165 stores from Delhaize Group, and 22 stores from Piggly Wiggly Carolina Company,” said Randall Onstead, president and CEO of Bi-Lo Holdings. “This process is helping us fuel our long-term strategy of providing the freshest foods and the best deals to a broader base of customers. Where we are refining our store footprint with this transaction, we will ensure impacted associates are treated respectfully and can pursue other open positions in nearby stores.”
The BI-Lo-branded stores that Publix will acquire from Bi-Lo Holdings include:
- 8120 S. Tryon Street, Charlotte, N.C.
- 12810 York Road, Charlotte, N.C.
- 9815 Rose Commons Drive, Huntersville, N.C.
- 158 Hwy. 274, Lake Wylie, S.C.
- Fincher Farm Rd, Matthews, N.C.
- 1735 Heckle Blvd., Rock Hill, S.C.
- 2186 Cherry Rd, Rock Hill, S.C.
Grand opening dates for the locations will depend on the scope of the remodels. The acquisition will allow Publix to further enhance its footprint in the company’s Charlotte Division. The company continues to look at aggressive growth in the North Carolina market.
Get connected and follow us on LinkedIn for the most in-depth coverage of drug store news. Join the conversation.
Cubist completes Trius acquisition
LEXINGTON, Mass. — Cubist has completed its purchase of Trius Therapeutics, Cubist said.
The $704 million acquisition will give Cubist control of the drug tedizolid phosphate, an experimental drug that it said had the potential to treat resistant infections. Trius ceased to be traded on the NASDAQ earlier this week.
"The need for new treatments to combat drug-resistant bacteria is growing, and we will work diligently to bring this antibiotic product candidate to market in order to help hospitals and their patients combat these infections," Cubist CEO Michael Bonney said. "This transaction is also an important step toward achieving Cubist’s ‘Building Blocks of Growth’ and continuing our track record of driving shareholder value over the long term."
UnitedHealthcare sponsors Medicare Education Week
MINNETONKA, Minn. — Health insurer UnitedHealthcare is sponsoring a weeklong education program for Medicare patients, the company said Friday.
Starting Sunday, one month before Medicare’s annual open-enrollment period, UnitedHealthcare’s National Medicare Education Week is designed to help baby boomers, existing beneficiaries, their families and caregivers learn more about Medicare. The open-enrollment period lasts from Oct. 15 to Dec. 7.
"Dispelling Medicare confusion is important because healthcare decisions can have a significant impact on the well-being and wallets of seniors and other Medicare beneficiaries," UnitedHealthcare Medicare & Retirement CEO Jack Larsen said. "Medicare is not a one-size-fits-all program, and making coverage choices requires thoughtful planning."
According to the company, baby boomers in their early 60s who are approaching eligibility for Medicare have struggled to understand the program, with 70% describing their understanding of it as "fair" or "poor," and more than half saying they wouldn’t "know where to begin" when it comes to preparing for the transition from employer-sponsored insurance to Medicare.