Hypothesis continues to swirl relating to Walgreens Boots Alliance sale of its Boots pharmacies in … [+]
Walgreens Boots Alliance sale of its Boots pharmacies in the UK is outwardly close to if the most recent media studies out of London and India are correct.
The Economic Times reported last week {that a} “binding bid may are available as early as (final) Friday” for Boots from Apollo International Administration and Reliance Industries, which is owned by Indian industrialist and billionaire Mukesh Ambani. The report follows other media speculation that Walgreens in Could gave potential bidders extra time to make their affords for the Boots chain, which has greater than 2,000 pharmacies.
In the meantime, Walgreens executives at their headquarters within the northern Chicago suburb of Deerfield have publicly been quiet in regards to the destiny of Boots whereas the pharmacy large focuses spending billions of {dollars} on its U.S. operations. There was no announcement final Friday confirming the Apollo-Reliance effort.
Walgreens is spending billions of {dollars} on its U.S. drugstore operations on the path of chief government officer Roz Brewer, who took over as CEO final 12 months. Walgreens has invested greater than $6 billion in major care developer VillageMD to escalate the growth of doctor-staffed clinics throughout the U.S. underneath a brand new “Walgreens Well being” enterprise.
In April, Brewer instructed analysts and traders Walgreens was opening a brand new VillageMD clinic connected to a drugstore “each three days.”
The bigger funding Walgreens made final 12 months was designed to speed up the opening of at the least 600 Village Medical at Walgreens major care practices in additional than 30 U.S. markets by 2025 and 1,000 by 2027, with greater than half of these practices in medically underserved communities, the corporate has stated.
