Walgreens, CVS Health and Rite Aid had successful bids selected for retailer Shopko’s pharmacy assets.
Category: NASDAQ:WBA
Rite Aid Proposes Plan To Stay Listed On NYSE
Rite Aid’s board approved a “reverse stock split of the company’s common stock” to remain in compliance with the New York Stock Exchange rules.
Walgreens Future Tobacco Sales May Hinge On Florida Market Study
Walgreens is evaluating the future of its tobacco sales through a pilot in Gainesville, Florida where the drugstore chain has stopped selling cigarettes.
Shopko Bankruptcy Puts 146 Pharmacies In Play For CVS, Walgreens And Kroger
Shopko said it will exit the pharmacy business, putting 146 pharmacies for sale following filed for bankruptcy protection Wednesday with plans to close about 40 additional stores, sell assets and possibly seek an equias part of plan to exit the prescri…
Walgreens Partnership Strategy Won’t End With Microsoft
Walgreens and Microsoft “will reach out to other players in the space to create a true ecosystem,” Walgreens Boots Alliance CEO Stefano Pessina says.
Walgreens CEO: Microsoft Will Help Create ‘Ecosystem’ To Simplify Healthcare
Walgreens CEO Stefano Pessina says the partnership with Microsoft will help create an “ecosystem” that connects its drugstores to patients and their medical care providers in communities.
UnitedHealth’s Optum Sales Hit $100B For First Time
UntiedHealth Group said its Optum health services business surpassed $100 billion in annual revenues last year for the first time.
In Blockbuster Alliance, Walgreens And Microsoft To Develop ‘New Healthcare Models’
Walgreens said it has formed a partnership with Microsoft Corp. to “develop new health care delivery models, technology and retail innovations to advance and improve the future of health care.”
Walgreens: Humana Clinic JV Has To ‘Make A Profit By Itself’
Walgreens Boots Alliance said its joint venture with Humana to develop senior health clinics has to “standalone and make a profit by itself” to be successful in the long-term.
NYSE’s Warning To Rite Aid May Force A Deal
The NYSE’s notice to Rite Aid that the drugstore chain is no longer in compliance with “listing standards” may trigger a “reverse stock split,” the company said.
