A Walgreens pharmacy in Baltimore. Photo: Diego M. Radzinschi/ALM
Walgreens Boots Alliance — the parent of the Walgreens and Duane Reade drug store chains — said Thursday it has agreed to be acquired by Sycamore Partners, a private equity firm, for a total of up to $23.7 billion.
The deal could affect employer-sponsored health plans by squeezing costs out of prescription drug distribution in the short run but helping Walgreens negotiate harder with health plans and pharmacy benefit managers in the long run.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
