Nyer Medical Group, Inc.'s (NASDAQ: NYER) wholly owned subsidiary D.A.W., Inc. dba Eaton Apothecary, and Nyer entered a definitive agreement with Walgreen Eastern Co., Inc. The agreement is for the sale of a portion of DAW's operating assets, including prescription files and inventory of a total of 12 neighborhood pharmacies which include the assignment of eight leases. The purchase price is $12 million plus a qualifying inventory of $5.75 million and $1.1 million of operating equipment.
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About Nyer Medical Group
Nyer Medical Group, Inc. (Nyer) is a holding company. The Company is the parent company of, DAW, Inc., (DAW) doing business as Eaton Apothecary, a wholly owned subsidiary. DAW owns and operates a chain of retail pharmacies in the suburban Boston, Massachusetts, area and also provides pharmacy management services to various not-for-profit entities. In September 2008, the Company sold certain assets and liabilities of ADCO Surgical Supply, Inc., (ADCO), a wholly owned subsidiary of the Company.
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