CareCentrix, a home care services provider formerly owned by Walgreens Boots Alliance (Nasdaq: WBA), is now an independent, privately held company. This transition was triggered by the $22 billion acquisition of Walgreens by private equity firm Sycamore Partners, which was finalized on Thursday. The separation of CareCentrix into an independent company restores its original ownership […]
Walgreens Boots Alliance
Gather Health, which offers in-home and in-clinic primary care services, has raised $21.2 million in its latest fundraising efforts. The Quincy, Massachusetts-based company was seeking a total of $25 million, according to publicly available documents. The raise comes two years after Gather raised $16.3 million in a Series A round from investors including Khosla Ventures, […]
A prediction from an analyst, in January, that called the sale of Walgreens Boots Alliance Inc. (Nasdaq: WBA) to the PE firm Sycamore Partners “less likely” has been proven false, as news emerged that a deal has been inked. On Thursday, Walgreens announced that it entered into an agreement to be acquired by Sycamore Partners. […]
In December, word spread that Walgreens Boots Alliance Inc. (Nasdaq: WBA) was reportedly considering selling itself to the PE firm Sycamore Partners. A month later, experts believe that the heat on these talks have died down. Though WBA struggled throughout 2024, a sale to Sycamore is now unlikely, executives indicated. “Walgreens’ Q1 2025 earnings report […]
Walgreens Boots Alliance Inc. (Nasdaq: WBA) is reportedly in talks to sell itself to the PE firm Sycamore Partners. The move would take the retailer private, as its shares have dipped in value over recent years. The deal may be signed by early next year, according to a Wall Street Journal report. Sycamore is a […]
Earlier this month, Walgreens Boots Alliance (Nasdaq: WBA) CEO Tim Wentworth laid the groundwork for a company turnaround. Part of that included a shift away from certain health care services, which the company pivoted toward in the wake of the COVID-19 pandemic. After that, at the HLTH conference in Las Vegas, Mary Langowski – the […]
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 […]
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, […]
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