Walgreens will close about 600 stores, mostly Rite Aid locations, beginning next spring as it starts integrating stores purchased from the rival with its own locations.
Walgreens Boots Alliance is poised to revise its agreement to buy individual Rite Aid Corp. stores, a move that may be enough to resolve outstanding antitrust concerns and clinch U.S. approval for a deal the companies have been pursuing in different forms for two years.
As healthcare companies rush to bulk up via mergers and acquisitions, they're almost always hit with shareholder lawsuits. Now that Walgreens has given up on its efforts to buy rival drugstore chain Rite Aid, it should ready itself for membership in the growing club of defendants.
Walgreens has ended its takeover pursuit of rival Rite Aid following resistance from U.S. regulators and will instead now buy stores, distribution centers and inventory in a new deal with the chain.
The Cherokee Nation claims the companies should have prevented rather than profited from the opioid epidemic and the mass distribution of addictive pain pills.
Piedmont Healthcare has agreed to take over and operate 27 Walgreens in-store clinics in the Atlanta metropolitan area. Piedmont joins systems in other states which have bought or leased retail clinics meant to provide fast, convenient care for patients with minor ailments.
Walgreens has signed on as a partner of Matter, a Chicago-based incubator for health technology startups. The pharmacy giant will provide mentorship and financial support to Matter's 150 or so startups.
Walgreens and Rite Aid will sell 865 stores to rival retailer Fred's for $950 million, potentially removing the final roadblock thwarting a tie up between the nation's largest and third-largest drugstore chains.
A self-described child of the 1960s, she overcame barriers both personal and professional to gain prominence. She was a woman who made it in a field dominated by men. She quickly moved on to bigger and better positions after being outed as gay by a member of the board at the Ohio hospital system...
Walgreens has sued its former partner, blood-testing startup Theranos, alleging breach of contract. The unit of Walgreens Boots Alliance is seeking $140 million, the amount it invested in Theranos.
Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but also announced a delay in closing its latest megadeal.
The not-for-profit Catholic organization SSM Health will provide birth control pills at the 26 clinics inside St. Louis-area Walgreens stores that it began operating Thursday, an SSM spokesman said.