Hospitalogy March 18, 2025
The same company duped by Theranos a decade ago is dying a painful death. Who’s surprised?
Once a colossus and a staple of American consumerism, Walgreens is going private after a decade of decline, underperformance, and mismanagement – ending a 100-year run on the public markets.
A decade ago, Walgreens was at the peak of its empire. But as we know, empires deteriorate over time. Rising retail competition from Amazon and ecommerce quickened the haste of the collapse, while trying to pivot and go all-in on healthcare ultimately became a death knell – a supernova-turned-black hole. The failed business transformation will be a case study for MBAs everywhere for years to come. Today, the once-colossal drugstore chain is limping off...
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