Walgreen Co. (NYSE, NASDAQ: WAG) has agreed to acquire the assets of 12 Eaton Apothecary pharmacies in the Boston area from D.A.W., Inc., a subsidiary of Nyer Medical Group, Inc. (NASDAQCM: NYER). The transaction is valued at approximately $19 million.

Walgreens plans to keep "most" of the pharmacies open. It will close three of the stores, according to thebostonchannel.com.

According to Eaton's website, the company currently has 18 pharmacy locations in operation. However, its ownership group, DAW, which is a subsidiary of Nyer Medical will dissolve after the transaction closes.

This article appears in CoStar's Retail News Roundup: October 25-31, 2009
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Wal-Mart and 77kids; closings, cutbacks, defaults, or bankruptcy news at Opus, Supervalu and Westgate Mall; acquisition, merger, loan, sale, or IPO activity at DDR and Macquarie, Weingarten and Jamestown, and Walgreens; new retail development news in NY, NC, MA, CT, and PA ; personnel or corporate announcements at Richard E. Jacobs Group and X Team; sustainability and green building news at JC Penney; and more.