Is anyone surprised that Walgreens is looking to sell itself — reportedly to private equity firm Sycamore Partners? Walgreens has been losing a lot of greenbacks lately: a whopping $8.6 billion of them in fiscal 2024. Its foray into primary care has been a challenge forcing it to close a series of VillageMD clinics nationwide. Even its pharmacy business has faced competition from nimble, online pharmacy retailers like Amazon Pharmacy and Mark Cuban’s Cost Plus Drugs and fallen casualty to drug prices being negotiated. And investors have paid attention to its missteps.
Read the full article: Why Walgreens Is Reportedly Considering a Private Equity Buyer //
Source: https://medcitynews.com/2024/12/walgreens-sell-private-equity/