J.M. Smith Acquires CornerDrugstore.com
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J M Smith Corp. has acquired CornerDrugstore.com, an online retail pharmacy website representing more than 800 independent and regional chain pharmacies, from Rockville, Md.-based SymRx, Inc. Pharmacies use CornerDrugstore.com to extend their local store and information services to the Internet where their customers can order prescription refills and over-the-counter products. Terms of the deal were not disclosed.
The site was created by the National Community Pharmacists Association (NCPA).
"When NCPA began work on the CornerDrugstore.com concept, it was with the goal of creating a virtual network of independent pharmacies across the nation," said Bruce Roberts, executive vice president and CEO of NCPA. "We remain committed to that goal. We believe that J M Smith Corp. has the resources to execute the CornerDrugstore.com initiative, and we are pleased that the company has committed to maintaining a software system neutral platform for CornerDrugstore.com."
J M Smith Corp., founded in 1944, is one of South Carolina's Top 10 privately held companies, employing over 650 people throughout North America. J M Smith companies include QS/1 Data Systems, Smith Drug Company, Smith Data Processing, and Smith Premier Services.
"We have over 55 years of experience in the pharmacy industry, from wholesale drug distribution to advanced computer technologies. And we believe that online retailing will continue to grow in the pharmacy industry as it has in other retail environments," said Bill Cobb, J.M. Smith's chief executive officer (CEO).