CVS and Walgreens Restrict COVID Vaccine Availability as CDC Phases Out Program
Pharmacy Retailers Restrict Access to Updated COVID-19 Vaccine Two prominent pharmacy chains are reportedly limiting access to the new coronavirus vaccine as officials at the Centers for Disease Control and Prevention (CDC) decrease its usage. As reported by Fox Business, CVS and Walgreens are adhering to new federal guidelines that restrict eligibility for seniors and […]
Kourtney Kardashian and Walgreens considering purchasing assets from bankrupt Rite Aid, according to reports.
Pharmacy chain Walgreens and reality star Kourtney Kardashian are reportedly among those considering the remaining assets in Rite Aid’s ongoing bankruptcy process, according to two sources familiar with the matter. These sources preferred to remain anonymous due to the confidential nature of the discussions. Alongside Walgreens, Authentic Brands Group and WHP Global Brands are also […]
Rite Aid transfers 1,000 pharmacies to CVS and Walgreens following its second bankruptcy filing
Rite Aid Sells Pharmacy Services Nationwide Rite Aid has made a significant move by selling pharmacy services at over 1,000 locations across the country to competing chains. This includes major players like Albertsons, Kroger, and Giant Eagle, who have acquired several struggling stores after these drugstore chains filed for bankruptcy. Rite Aid’s CEO, Matt Schroeder, […]
Walgreens to pay up to $350M for filling illegal opioid prescriptions, Justice Department says
Please see what you are clicking on foxbusiness.com. Walgreens agreed to pay up to $350 million as part of a settlement with the U.S. Department of Justice, and the company illegally buried millions of invalid prescriptions of opioids and other controlled substances, and asked for payment of many of the invalid prescriptions from Medicare and […]
Walgreens settles allegations around opioid prescriptions for $300M: DOJ
Walgreens, a nationwide drug retailer, has agreed to pay at least $300 million to resolve allegations that have illegally met millions of invalid controlled substance prescriptions over more than a decade. Under the terms of the settlement, Walgreens will pay $300 million to the federal government between August 2012 and March 2023 to resolve allegations […]
San Francisco Walgreens worker allegedly stabs shoplifter in eye amid physical altercation
A Walgreens worker in San Francisco is allegedly stabbed a shoplifter with his eyes during a physical altercation early Wednesday morning. The employee – identified as 45-year-old gunhon by San Francisco police – was booked at the San Francisco County Jail for assault with a deadly weapon. KTVU-TV reported. Hong remained behind the bar Thursday […]
San Francisco Walgreens employee stabs alleged shoplifter in eye: video
Officers arrested a San Francisco Walgreens employee who allegedly stabbed a shoplifter with a knife during a brawl over stolen goods early Wednesday morning. Brutal security camera footage shows employees heading down the street following shoplifting. There, a trade between the two of them blew and clench their faces before the thief sinks to the […]
Walgreens to be taken private by Sycamore Partners in $10B deal
The Walgreens Boots Alliance will keep Sycamore Partners private for $10 billion, the buyout company said Thursday, closing almost a century of deals in the open market of the US pharmacy giant. Sycamore paid $11.45 per share, with a premium of $10.60 on Thursday at 8%. The company's shares rose nearly 6% in expanded transactions. […]
Walgreens to go private in $10B deal
Please see what you are clicking on foxbusiness.com. Drugstore chain Walgreens Boots Alliance announced it will be private on Thursday. The struggling company has signed a deal with Sycamore Partners, a private equity company worth $10 billion. Sycamore paid $11.45 per share, with a premium of $10.60 on Thursday at 8%. The company's shares rose […]
Walgreens about to be sold to private-equity firm for $10B: report
The Walgreens Boots Alliance is on the verge of privately introducing a deal with private equity firm Sycamore Partners in a deal worth around $10 billion, according to the report. The negotiations are in a sophisticated stage, with both sides aiming to seal the agreement on Thursday, but last-minute hurdles could still delay or derail […]