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GreenTree-Bergen Deal

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<i> Dow Jones</i>

GreenTree.com Inc., a closely held online health store, said it will start selling prescription drugs through a partnership with Orange-based Bergen Brunswig Corp., a pharmaceuticals wholesaler.

The GreenTree-Bergen alliance comes as a flurry of companies are moving into the online pharmacy business. CVS Corp., a Woonsocket, R.I., drugstore chain, this month bought Soma.com, a Seattle online pharmacy, for $30 million.

Some of Silicon Valley’s top venture capitalists have bankrolled PlanetRx.com Inc., San Francisco, and Drugstore.com Inc., Seattle, two other online pharmacies.

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On Monday, Bergen also announced plans to expand its distribution role to the Internet, providing the infrastructure for drugstores to sell online.

Financial terms of the GreenTree-Bergen alliance weren’t disclosed.

GreenTree said it will use a Bergen Brunswig warehouse in Kentucky to fill orders. It said it will offer 23,000 products online, which it asserted is more than any other online drugstore.

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