Becker's Healthcare December 11, 2024
Walgreens Boots Alliance is reportedly considering selling itself to private equity firm Sycamore Partners and becoming private, The Wall Street Journal reported Dec. 10.
Here are five things to know:
1. The deal could be inked as early as next year if negotiations move forward, sources familiar with the matter told the Journal.
2. This decision comes amid clinic closures across multiple states. In October, Walgreens announced in its fiscal fourth-quarter earnings report that it will close 1,200 locations over the next three years. The closures include 500 in 2025, which should immediately support adjusted earnings and free cash flow. The closures also encompass 300 stores slated for shutdown under a previous cost-cutting initiative.
3. Financially, Walgreens posted...
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