Company Snapshot: Medicine Shoppe International Inc.
Total Current Stores:
Cardinal Health, Inc.
$1.6 billion (e)
George S. Barrett – Chairman, CEO (Cardinal Health)
John Fiacco – President, Field Services
Medicine Shoppe International was established in 1970, two years after pharmacist Michael Busch founded the first Medicine Shoppe pharmacy in St. Louis, MO. In 1971, the first franchised Medicine Shoppe pharmacy opened. In 1995, Cardinal Health acquired MSI, and in 2003 MSI acquired Medicap Pharmacies Inc. Today, most of Medicine Shoppe’s locations are franchised to individual owners, many of which are also the location’s pharmacist. Busch’s ‘pharmacist-run’ business model has stayed with the company as a way to provide focused service to customers.
This year, Chain Store Guide celebrates its 80th anniversary. In honor of this occasion, we are hosting a monthly series of editorials called “Chain Store Guide Through The Ages”, starting with the 1930s. We will take a look at what was happening in that time and how it affected the industries we now serve. Our Company Snapshots will examine companies from that period and see where they are today.
*Image courtesy of: Wikimedia Commons