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Home > Company Index > Retail > Drug, Health & Beauty Product Retailing > HORIZON Pharmacies, Inc.

HORIZON Pharmacies, Inc.
AMEX: HZP
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 PROFILE
The sun may be setting on HORIZON Pharmacies. A consolidator of small-town drugstores, the company owns more than 40 pharmacies in some 16 states, mainly in Texas and New Mexico, but also in Montana, Wisconsin, and Virginia. Prescription drugs account for more than 75% of its sales; health and beauty aids, cards, and gift items bring in another 10%. In addition, HORIZON operates 16 home medical equipment locations, mail-order/Internet pharmacy HorizonScripts.com, and a handful of institutional pharmacies and intravenous operations. HORIZON's roll-up efforts failed to deliver the profits and efficiencies of its more successful rivals; it filed for Chapter 11 bankruptcy protection in July 2001.

 COMPETITION
Eckerd Corporation (dossier)
Wal-Mart Stores, Inc. (WMT)
Walgreen Co. (WAG)

 DEALS
Deal: Horizon Pharmacies, eGrocery.com Form Alliance
Date Announced: 04.13.00
Value of transaction (US $Mil): 0
Description: Brick-and-mortar pharmacy's online venture will link services and exchange equity positions in online grocery network.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 136.30
1-Yr. Sales Growth: 3.4%
Employees: 903
Revenue per employee: $150,941.31

 KEY PEOPLE
• Ricky D. McCord
    CEO
• Michael F. Loy
    CFO

 CONTACT INFO
531 W. Main St.
Denison, TX 75020
US
Phone: 903-465-2397
Fax: 903-465-8922
Online: Web Site

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