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Walgreens Boots Alliance Inc.

WBA, Microsoft partner to transform health care

WBA, Microsoft partner to transform health care

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

Crawford becomes president and COO at Rite Aid

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

WBA gains FTC approval to buy 1,932 Rite Aid stores

WBA gains FTC approval to buy 1,932 Rite Aid stores

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

WBA, Rite Aid to reset waiting period for store deal

WBA, Rite Aid to reset waiting period for store deal

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

Walgreens, Prime Therapeutics launch company

Walgreens, Prime Therapeutics launch company

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

WBA releases social responsibility report

WBA releases social responsibility report

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) today released its annual Corporate Social Responsibility (CSR) report for fiscal 2016, highlighting the company’s ongoing support for people in its communities and workplaces, and overall progress toward its environmental and social goals. WBA strives to be a global leader in caring for communities and the environment,

Fred’s readies funding for more Rite Aid stores

Fred’s readies funding for more Rite Aid stores

MEMPHIS, Tenn. — Fred’s Inc. has amended a revolving credit facility to provide funding in the event that it must acquire additional Rite Aid stores in connection with the pending Walgreens-Rite Aid merger. According to a filing with the Securities and Exchange Commission, Fred’s is increasing its revolving loan commitment to $225 million from $150

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