L.S. “Sam” SkaggsL.S. “Sam” Skaggs, entrepreneur and businessman dedicated to pharmacy, passed away March 21, 2013. Born Aug. 9, 1923 in Yakima, Wash., Skaggs’ family moved to Salt Lake City, Utah, in 1932, where he would eventually attend Westminster College. After serving in World War II, Skaggs returned home to take over Payless Drug Stores following his father’s death in 1950. He would eventually grow the small chain and build American Stores Company, a massive retail business that earned over $20 billion in sales annually by his retirement in 1993. Skaggs’ deep dedication to pharmacy was apparent through his donation of hundreds of millions of dollars to pharmacy schools and research organizations through his family’s ALSAM Foundation. Many credit him with the creation of the modern food and drug store and his long list of corporate and organizational board positions include acting as president of the National Association of Chain Drug Stores, The Scripps Research Institute and Young President’s Association. He provided significant funding to six pharmacy schools including the University of Colorado Skaggs School of Pharmacy and Pharmaceutical Sciences, The University of Montana Skaggs School of Pharmacy and the University of California, San Diego Skaggs School of Pharmacy and Pharmaceutical Sciences.
Last updated on: 3/28/2014 1:27 PM