Just a few years after it decided to go all in on health care services, Walgreens Boots Alliance (Nasdaq: WBA) is largely returning to its roots. It also plans to close as many as 1,200 retail stores in the next three years amid a financial downturn. On a Tuesday earnings call, Walgreens CEO Tim Wenworth […]
Walgreens Boots Alliance
The biggest retailers were zealous in their pursuit of home-based health care initiatives. But there’s little evidence to suggest that pursuit has been successful, at least thus far. This week, CVS Health (NYSE: CVS) announced that it was laying off 2,900 workers. Simultaneously, reports surfaced of Glenview Capital – a significant shareholder in the company […]
The investment firm KKR & Co. Inc. (NYSE: KKR) announced Friday that it had entered an agreement to acquire 11,619,998 shares of BrightSpring Health Services (Nasdaq: BTSG) stock from Walgreens Boots Alliance (Nasdaq: WBA). KKR is an existing backer of BrightSpring, which had a share price of $13.85 as of market close on Friday. Based […]
Walgreens Boots Alliance Inc. (Nasdaq: WBA) announced the appointment of former Humana Inc. (NYSE: HUM) Chief Medical Officer (CMO) Dr. William H. Shrank to its board of directors as the company continues its strategic turn toward health care services. Currently, Dr. Shrank is a venture partner with the Bio + Health team of Andreesen Horowitz, […]
Following its move to decrease VillageMD’s physical footprint, Walgreens Boots Alliance Inc. (Nasdaq: WBA) seems to be doubling down on its decision. “We don’t have plans to continue to invest in brick and mortar-owned primary care practices,” Mary Langowski, the president of U.S. Healthcare, said during the company’s third-quarter earnings call on Thursday. VillageMD is […]
The value-based and home-based care enablement platform CareCentrix is in an interesting position. Not only is it in between home health providers and Medicare Advantage (MA) plans, but it’s also now owned by Walgreens Boots Alliance (Nasdaq: WBA) – one of the retailers diving head first into home-based health care services. In a recent conversation […]
Earlier this week, Walgreens Boots Alliance (Nasdaq: WBA) CEO Tim Wentworth teased a “strategic review” of the company’s assets, including those within the U.S. Healthcare segment. Meanwhile, CVS Health (NYSE: CVS) CFO Tom Cowhey provided updates on where Aetna may go with its supplemental benefits in the near-term future. “We are now meaningfully looking at […]
Walgreens Boots Alliance (Nasdaq: WBA) is making some major changes to its U.S. Healthcare division, which includes all of its provider and at-home care assets. Most of note is the leadership change at the top. Walgreens acquired the remaining stake in the home care-focused convener CareCentrix for $392 million in 2022, after an initial investment […]
Both CVS Health (NYSE: CVS) and Walgreens Boots Alliance (Nasdaq: WBA) are making big bets on health care services, including services provided in the home. To make headway, each company is also banking on its reputation with health care consumers across the country. CVS Health has CVS Healthspire, and Walgreens has its U.S. Healthcare segment. […]
Over the years, Walgreens Boots Alliance (Nasdaq: WBA) has increasingly shifted its focus to the company’s U.S. Healthcare services segment. On Thursday, the retail giant made it clear that beefing up this arm of its business, and further solidifying its place in the health care sector, is still a priority. “We are on a path, […]
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