In the year 2005, Walgreen, the nation's largest drug-store chain launched the SeniorMed in collaboration with Senior Healthcare Partners LLC and then had bought the Company in the year 2007.

Alike last three months, this month too Walgreen Co. saw an increase in its sales by 2.1%. This increase though is not as much as was anticipated by the Wall Street. This was followed by an announcement that the Company planned to exchange most of its long-term-care pharmacy business for significantly all of Omnicare Inc.'s home-infusion operations.

Soon, Omnicare will be acquiring Walgreen's long-term care pharmacy business and Walgreen on the other hand will be own Omnicare's home infusion business.

The decision for exchange was made after the Company was sure that without the addition of some considerable investment it would never be able to lead this field of supply of medicine to senior living and hospital facilities.

Walgreen, for long has been looking for ways to stimulate its front-end sales, which had fallen back at the time of the downturn. As the patients started buying medications in bulk and not visiting the doctors, the pharmacy department including Walgreen's pharmacy faced profit pressure.

"At least they're not shooting themselves in the foot anymore. I would be very surprised if they ran into the same problems”, said Jefferies & Co. analyst Scott Mushkin.