DEERFIELD, Ill. — New Walgreens Boots Alliance (WBA) chief executive officer Tim Wentworth has wasted little time in streamlining operations. The company this month laid off 267 corporate-level workers, including chief merchandising officer Luke Rauch. Those laid off represent 5% of WBA’s total corporate workforce and also included Robert Tompkins, group vice president and general
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) today named Neal Sample as its new executive vice president and chief information officer (CIO), effective immediately. Sample will report to Tim Wentworth, chief executive officer of WBA, as a member of the executive committee and serve on the IT governance committee. He has been working alongside WBA
DEERFIELD, Ill. — Walgreens Boots Alliance has spent the last several years assembling the components of a vast health care ecosystem, one that promises to enhance patient access, improve outcomes and lower overall costs. Today the company is aligning those assets — which include CareCentrix, a platform that coordinates care delivered in the home; Shields
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) and VillageMD announced Thursday the opening of the first Village Medical at Walgreens primary care practice in the Chicago area. The practice is located at 641 Meacham Road, in Elk Grove Village, Ill. “At Village Medical, we partner with our patients to help them get well and stay
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) has announced the departure of James Kehoe, executive vice president and global chief financial officer. Kehoe will leave WBA in mid-August to pursue an opportunity in the technology sector. Manmohan Mahajan, senior vice president, global controller, has been named interim global chief financial officer while the company conducts
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) will shutter an additional 300 Boots outlets in the U.K. and 150 Walgreens stores, and cut hours at other U.S. stores, global chief financial officer James Kehoe said during a conference call discussing third quarter results. The actions are among “cost-saving initiatives” that Kehoe noted after the company
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Tuesday reported mixed results for its third quarter, beating analysts’ sales estimates but falling short of profit expectations. Sales for the period ended May 31 advanced 8.6% from the year-ago quarter to $35.4 billion, topping Wall Street’s forecast of $33.79 billion. But adjusted earnings per share came
DEERFIELD, Ill. — As chief procurement officer at Walgreens Boots Alliance, Melissa Salo oversees commercial relationships with the retail pharmacy chain’s suppliers and partners. “I am responsible for leading the procurement team for goods and services not for resale,” she says. “Our team partners with business to procure technology, property, supply chain and logistics, marketing,
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced Thursday that it has sold 13.0 million shares of Option Care Health (OPCH) common stock in an underwritten secondary offering and, subject to completion of the offering, a concurrent share repurchase by OPCH in the amount of approximately 2.5 million shares. After the sale, Walgreens Boots Alliance’s
DEERFIELD, Ill. — Walgreens Boots Alliance posted first quarter sales and earnings that topped analysts’ forecasts. WBA reported adjusted earnings per share of $1.16, surpassing the expected $1.14. Revenue for the three-month period ended Nov. 30 was $33.38 billion, ahead of the projected $32.84 billion. Walgreens’ front end sales grew 0.8 percent, with same-store sales
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) is strengthening its commitment to increasing the representation of people with disabilities at all levels across the company’s U.S. segments and redesigning its annual bonus plan in the U.S. to include a disability representation metric to drive this commitment. The company will be the first in the
DEERFIELD, Ill –VillageMD announced Monday that it has entered a definitive agreement to acquire Summit Health-CityMD, a leading provider of primary, specialty and urgent care. The transaction is valued at approximately $8.9 billion with investments from Walgreens Boots Alliance, Inc. (WBA) and an affiliate of Evernorth, a subsidiary of Cigna Corp. Together, VillageMD and Summit