Forbes June 9, 2023
Walgreens Boots Alliance has sold its remaining stake in home infusion services provider Option Care Health for proceeds of about $330 million.
“The company intends to use the proceeds primarily for debt pay down, continued support of WBA’s strategic priorities and transformation to a consumer-centric healthcare company,” Walgreens said in a statement Thursday night. “The transaction is another decisive action WBA is taking to unlock value and further simplify the company’s portfolio.”
To be sure, Walgreens has been reducing its stake in other businesses in the last two years under chief executive Roz Brewer to raise money for other priorities such as its multi-billion dollar bet on doctor-staffed primary care clinics attached to drugstores.
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