Tag: Walgreens Boots
In brief: Walgreens lets go of Option Care, Quantum seeks Roll Models
June 14, 2023HME News Staff
DEERFIELD, Ill. - Walgreens Boots Alliance has sold its remaining 10.8 million shares of Option Care Health, generating about $330 million.
Earlier this year, in March, Walgreens sold 13 million shares of Option Care Health at $30.75 per share. Last year, it sold 11 million shares in the company.
Walgreens says it will use the proceeds from the sale “primarily for debt paydown, continued support of the company’s strategic priorities and healthcare transformation.”
The...
Walgreens lets go of Option Care
June 12, 2023HME News Staff
DEERFIELD, Ill. - Walgreens Boots Alliance has sold its remaining 10.8 million shares of Option Care Health, generating about $330 million.
Earlier this year, in March, Walgreens sold 13 million shares of Option Care Health at $30.75 per share. Last year, it sold 11 million shares in the company.
Walgreens says it will use the proceeds from the sale “primarily for debt paydown, continued support of the company’s strategic priorities and healthcare transformation.”
The...
Walgreens to take full ownership in Shields Health Solutions
September 21, 2022HME News Staff
DEERFIELD, Ill. – Walgreens Boots Alliance has entered into a definitive agreement to acquire the remaining 30% stake in Shields Health Solutions for approximately $1.37 billion, giving WBA full ownership of the company. Shields is a health system-owned specialty pharmacy integrator. “Our full acquisition of Shields will complete another major milestone as part of our consumer-centric health care strategy to drive sustainable long-term growth, and we are very pleased with our partnership...
In brief: Invacare has new leadership, MA enrollment has doubled, Walgreens has finalized CareCentrix acquisition
September 2, 2022HME News Staff
ELYRIA, Ohio – Matt Monaghan has left his role as chairman, president and CEO of Invacare.
Geoffrey Purtill, who has been serving as the company’s senior vice president and general manager, EMEA and APAC, is interim president and CEO.
“After careful consideration, the board determined that now is the right time for a change in leadership to oversee the successful execution of Invacare’s business transformation,” Cliff Nastas, Invacare’s lead independent...
Walgreens finalizes CareCentrix acquisition
August 31, 2022HME News Staff
DEERFIELD, Ill. – Walgreens Boots Alliance has completed its majority share acquisition of CareCentrix.
WBA announced in October 2021 that it planned to invest $330 million for a 55% stake in CareCentrix, as part of a plan to launch Walgreens Health.
“We created Walgreens Health to reimagine local health care and wellbeing for all,” said Roz Brewer, CEO, WBA. “This partnership advances our ability to address the needs of people across care settings immediately...
Walgreens investment ‘endorsement’ of CareCentrix model, CEO says
October 15, 2021Theresa Flaherty, Managing Editor
HARTFORD, Conn. – Walgreens’ investment in CareCentrix will accelerate the ongoing shift of health care to the home, says CareCentrix CEO John Driscoll.
Walgreens Boots Alliance announced Oct. 14 that it plans to acquire a majority share of CareCentrix, investing $330 million for a 55% stake, and is investing $5.2 billion in VillageMD, a primary care provider, to launch Walgreens Health.
“COVID has underscored for everyone that we need to...
Walgreens Boots Alliance to acquire majority stake in CareCentrix
October 14, 2021HME News Staff
HARTFORD, Conn. – Walgreens Boots Alliance is acquiring a majority share of CareCentrix, investing $330 million for a 55% stake.
The deal will boost Walgreens capabilities in post-acute and home care, in support of its launch of Walgreens Health, a customer-centric, technology-enabled care model powered by a nationally scaled, locally delivered health care platform.
“COVID-19 has made it clear that providing care in the home and community is the future of not only post-acute care,...
In brief: Permobil white paper, Walgreens investment, new partnerships
October 1, 2021HME News Staff
NASHVILLE, Tenn. - Permobil has published a new white paper on the benefits of standing power wheelchairs that draws from reviews from 41 publications, usage data from Permobil Connect and an internal survey.
Top takeaways include:
The positive effects on pressure relief for skin, bone mineral density and bowel/bladder function in users.
Improved mental health and self-esteem, and the increased ability to communicate and perform daily activities.
Ability to better...