Owner Of Boots Completes Sale Of Alliance Healthcare Unit kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
Walgreens Boots Alliance is showing signs of recovery that could well continue through the current fiscal year.
It comes after a rough 2020 fiscal year, with data from Finaria showing that the company was one of the three worst-performing stocks on the Dow Jones Index for the entire year. In December, it was down 26%, while the index as a whole showed a 5% increase over the same period.
By the end of the year its stock was down almost 30% from its January 2020 price. Still, it was valued at $48.50 per share as of February 3, 2021, which is more than a 21% increase year-over-year, contributing to an overall market value of $42.28 billion.
Walgreens and AmerisourceBergen agree to $6.5B wholesale pharmacy sale The sale will let Walgreens focus on its retail pharmacy and healthcare businesses, which in recent months have included a foray into primary care.
, Associate Editor
Walgreens Boots Alliance is selling off the majority of its wholesale pharmacy company, Alliance Healthcare, to AmerisourceBergen in a deal worth approximately $6.5 billion, the two companies have announced.
Walgreens will receive $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock.
In addition to the transaction, the companies are extending their U.S. distribution agreement until 2029, and Alliance Healthcare UK will remain the distribution partner of Boots until 2031.
AmerisourceBergen Corporation (NYSE: ABC) and Walgreens Boots Alliance, Inc.
(Nasdaq: WBA) today announced strategic agreements under which AmerisourceBergen will acquire the majority of Walgreens Boots Alliance’s Alliance Healthcare businesses for approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock.
AmerisourceBergen’s acquisition of Alliance Healthcare will provide even stronger support for pharmacies and pharmacists across the globe and integrated solutions for pharmaceutical manufacturers. Walgreens Boots Alliance will be able to increase its focus on expanding its core retail pharmacy businesses, bringing even greater healthcare offerings to patients and customers and further accelerating its progress on its clear set of strategic priorities.