MedChoice Warehouse Club, an Oakland-based company that...
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MedChoice Warehouse Club, an Oakland-based company that operates four medical warehouse stores, has acquired San Diego-based MedClub for an undisclosed price, the two privately held companies said Thursday.
MedChoice, which operates stores in the Bay Area, Orange County and Los Angeles, will close MedClub’s Van Nuys store but keep MedClub’s San Diego warehouse open, MedChoice founder and President Ted Morgan said.
MedChoice’s annual revenue will reach about $30 million with the additional store, Morgan said. The chain hopes to open three more stores in California by year’s end and eventually hopes to open 50 warehouses around the country, Morgan said.
Both companies opened their first stores during 1987. But “there was a limited amount of (expansion) capital available, and they got to it before we did,” MedClub President James Vaughan said.
MedChoice is now open to those holding memberships at either chain, Morgan said.
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