Forbes January 7, 2021
Walgreens Boots Alliance plans to use billions of dollars in proceeds from the sale of its pharmaceutical wholesale business on developing its pharmacies for the future, the company’s chief executive said.
Money for drugstore development will come after the large drug wholesaler AmerisourceBergen said it will acquire the majority of Walgreens Boots Alliance’s “Alliance Healthcare” wholesale distribution business for $6.5 billion, the companies said Wednesday. Part of those proceeds will be used to invest in Walgreens pharmacies, which are adding new healthcare items, primary care services and new digital capabilities.
“We will invest in developing our pharmacies,” Walgreens chief executive Stefano Pessina said in an interview after the AmerisourceBergen deal was announced.
“Part of the money will be used to...
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