DEERFIELD, Ill. — According to various published reports in the U.K., Walgreens Boots Alliance may sell its Boots pharmacies to private equity firms. The Sunday Times in London said Walgreens “received an acquisition approach from Bain Capital more than two months ago” and “is positioning itself as a leader in an upcoming auction for boots
DEERFIELD, Ill.— Walgreens Boots Alliance (WBA) and VillageMD announced Wednesday plans to expand into San Antonio with the opening of nine Village Medical at Walgreens primary care practices over the next year. These openings represent expansion into the fifth major market in Texas, following Houston, El Paso, Austin and Dallas. Through the Walgreens and VillageMD
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced on Wednesday that it has finalized the sale of its Alliance Healthcare businesses to AmerisourceBergen for total consideration of approximately $6.5 billion, made up of $6.275 billion in cash (subject to a customary net cash and working capital adjustment) and 2 million shares of AmerisourceBergen common stock.
DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and Verizon Business announced on Wednesday a multi-year strategic partnership where Verizon will deploy their Network as a Service (NaaS), an all-encompassing solution that will deliver an enhanced customer experience to more than 9,000 Walgreens and Duane Reade retail locations across the U.S. The foundation of the partnership
DEERFIELD, Ill. – Walgreens Boots Alliance, Inc. (WBA) announced on Monday that Alex Gourlay, co-chief operating officer, and James Kehoe, executive vice president and global chief financial officer, will participate at the 2nd Annual Wolfe Research Healthcare Conference on Thursday, Nov. 19 at 1:10 p.m. EST. The conference is a virtual event. The appearance will
DEERFIELD, Ill. —Walgreens Boots Alliance (WBA) announced on Friday the appointment of Valerie Jarrett to the company’s board of directors and to the board’s audit committee and compensation and leadership performance committee, effective immediately. She joins the board as an independent director and becomes the board’s eleventh member. Jarrett is an acclaimed business executive and
Stefano Pessina’s decision to step down as Walgreens Boots Alliance’s chief executive officer has triggered speculation in the retail pharmacy and drug wholesaling sectors about the change, its timing and what it might portend for the company. Those who have followed WBA since its formation and, prior to that, Alliance Boots, which Pessina merged with
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said its financial results for the fiscal 2020 third quarter, which ended May 31, were significantly impacted by the COVID-19 pandemic. “Prior to the pandemic our financial performance for fiscal 2020 was on track with our expectations. However, this unprecedented global crisis led to a loss in the
One characteristic Ornella Barra has evinced throughout her career in community pharmacy and drug wholesaling is the ability to adapt to changing conditions. That talent has served Walgreens Boots Alliance’s co-chief operating officer well in recent months: Both before and after the emergence of COVID-19, she has been a catalyst for innovation. A good example
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and McKesson Corp. on Thursday signed an agreement to create a joint venture that will combine their respective pharmaceutical wholesale businesses in Germany with Alliance Healthcare Deutschland and GEHE Pharma Handel. WBA will have a 70% controlling equity interest in the joint venture, and McKesson will have a
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced Friday that Francesco Tinto was named global chief information officer (CIO) and senior vice president at the company. Tinto will oversee the global strategy for WBA’s IT operations across all of the company’s divisions, as well as the implementation of its technology and digital innovation. His role
DEERFIELD, Ill. — Walgreens has made Fortune magazine’s 2019 Change the World list, taking the #13 spot on this annual list, which highlights companies that leverage their businesses to drive profit and to create societal good. The company is honored for its Balance Rewards for healthy choices (BRhc) digital wellness program, which currently has more than
DEERFIELD, Ill. — Walgreens Boots Alliance announced plans to close 200 stores in the United States as it looks to cut costs. The company said in a regulatory filing Tuesday the closings are part of its previously announced plan to trim costs by $1.5 billion in a few years. In May, the company announced plans
