DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has released its fiscal 2021 Environmental, Social and Governance 2021 (ESG) Report, which outlines the company’s commitment to its four corporate responsibility pillars, Healthy Communities, Healthy Planet, Healthy and Inclusive Workplace and Sustainable Marketplace. The Report highlights the company’s work in health and vaccine equity while also
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. shares rose 1.6% in premarket trading Monday after the company reported fourth-quarter earnings and sales that beat expectations. The pharmacy retailer’s net income totaled $677 million, or 75 cents per share, down from $1.51 billion, or $1.55 per share, last year. Adjusted EPS was $1.43, ahead of the
DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Stefano Pessina Pessina made the comments in response to a 14.3% drop in second
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI platform, health care investments, and new retail solutions with WBA’s
CAMP HILL, Pa. — Rite Aid Corp.’s appointment of chain drug retailing veteran Kermit Crawford as president and chief operating officer has moved it beyond the shadow of its aborted acquisition by Walgreens Boots Alliance Inc. (WBA), say industry analysts. Crawford — who during a three-decade career at Walgreens rose to become executive vice president
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corp. for $4.375 billion in cash and other consideration. The amended and restated purchase agreement between the parties
NEW YORK — Walgreens Boots Alliance Inc. and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According filings with the Securities and Exchange Commission yesterday, WBA and Rite Aid agreed to withdraw their initial Hart-Scott-Rodino (HSR) Antitrust Improvements Act notification and
CAMP HILL, Pa. — Rite Aid Corp. expects to strengthen its store base with the sale of nearly 2,200 units to Walgreens Boots Alliance Inc. (WBA). In a filing with the Securities and Exchange Commission, Rite Aid said it would have 2,336 stores following the sale, compared with 4,522 currently. The chain said that its
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced that it is scrapping its plans to buy Rite Aid Corp. and instead will acquire only a portion of the drug store chain, after the original takeover effort seemed doomed by the Federal Trade Commission. The new agreement replaces a previous merger deal with Rite Aid
MEMPHIS — Fred’s Inc. weighed in on the recent termination of the merger between Walgreens Boots Alliance Inc. and Rite Aid Corp. and the related asset purchase agreement of Fred’s with Walgreens and Rite Aid. In December 2016, Fred’s announced that it had signed an asset purchase agreement with Walgreens and Rite Aid to buy
Walgreens Boots Alliance Inc.’s (WBA’s) plan to acquire Rite Aid Corp. in its entirety is, for now, dead. For some, it was an inevitable conclusion to a strategy that was full of holes. For others, by far the majority, it was a surprising conclusion to a well-conceived plan to increase the already dynamic presence of
DEERFIELD, Ill. — Walgreens and pharmacy benefit manager Prime Therapeutics LLC have completed their transaction to form a joint pharmacy services company and announced its leadership. Called AllianceRx Walgreens Prime and based in Orlando, Fla., the new company melds the central specialty pharmacy and mail service businesses of Walgreens and Prime Therapeutics, which is owned