Advisory Board September 22, 2025
Last month, Sycamore Partners completed its acquisition of Walgreens, taking the company private and splitting it into five separate businesses. Although some industry experts say the deal was necessary amid the company’s ongoing financial challenges, others have raised concerns that it could lead to more store closures, staffing cuts, and decreased access to care.
Walgreens goes private
Over the last decade, Walgreens has faced significant financial difficulties, seeing its market value drop from over $100 billion in 2015 to below $8 billion in 2024. For the entire 2024 fiscal year, Walgreens reported a net loss of $8.6 billion, almost triple the previous year’s loss.
In March, Sycamore Partners announced that it had agreed to purchase Walgreens in a $10 billion...
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