Katz Group of Companies
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Katz Group of Companies operates over 1,800 pharmacies in Canada and the United States. It is based in Edmonton, Alberta. Mr. Daryl Katz is chairman of the Katz Group of Companies.
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[edit] Katz Group Canada
Katz Group Canada operates over 1,800 pharmacies in Canada under several names.
Under its PharmAssist group, it operates:
- Rexall Drug Stores,
- Pharma Plus Drugmarts,
- Medicine Shoppe,
- Drug Trading,
- ProPharm,
- Guardian and
- I.D.A. pharmacies.
It also operates Herbie's for Drug and Food and Payless for Drug and Food combination grocery and pharmacy stores.
The Katz Group owns and operates Canada's only national mail order pharmacy business, Meditrust Healthcare Inc., which provides pharmacy operations to over 15,000 lodge and nursing home beds.
[edit] Pharma Plus
Pharma Plus has its origins in the Tamblyn chain of drugs stores, which was owned by Loblaws grocers in the 1970s. Loblaws was unable to compete effectively with market-leader Shoppers Drug Mart, and sold the chain to the Boots Group, of the United Kingdom. Boots was unable to apply its successful British fomula to the Canadian market, and sold the chain to the Oshawa group, another grocery retailer, in 1988, and renamed "Pharma Plus". The chain was later acquired by its management, and now successfully competes with Shoppers.
Katz Group intends to re-brand all Pharma Plus stores as "Rexall" stores in the coming years.
[edit] Snyder Drug
Snyder Drug is the leading pharmacy in the Twin Cities area in the United States. The company entered Chapter 11 bankruptcy proceedings in 2001 and exited in 2003 as it was forced to liquidate its Drug Emporium chain. The company was founded in 1928 by Max Snyder as a downtown Minneapolis, Minnesota cigar store. It began to sell pharmaceuticals by 1931. It was incorporated as Snyder Drug Store in 1939. The chain has about 60 corporate and about 60 independently-owned stores.
The company sells under the name Snyder Drug Stores and Western Drug.
