Walgreens agrees to acquisition by private equity firm for almost $10 billion
Walgreens agrees to acquisition by private equity firm for almost $10 billion
Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.
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So, in about 5 years, the only physical retail pharmacies for PPO plans in the US will be CVS, Costco, Walmart, and Kroger owned companies. Walgreens will be picked to the bone and Rite Aid is currently dying.
Every Rite Aid became a wallgreens near me. We have 3 options (if you include Costco) soon to be twi options.
so excited to have such a huge struggle getting my medications
Don’t forget Amazon Pharmacy.
Does that have physical locations?
Give Whole Foods some time to make that happen.
And, if so, how flammable are they?
They own one medical, which has many physical locations.
What’s wild is from my perspective and location, CVS and Walgreens are already gone. They still have stores here but they’re so understafffed and poorly managed that they’re unusable.
CVS and Walgreens are everywhere. I've lived in several cities and always see them. CVS is also in Targets. I use them. Very good pharmacy. I don't think they're going anywhere anytime soon.
Glad you’ve had good experiences. Seeing them everywhere is irrelevant to my point, the physical locations still exist and they’re still “open” and accepting customers but it’s not realistic to actually get service there because it takes days to get medicine and then an hour or more wait at the store to actually get a pharmacist to hand it to you.
It’s all anecdotal, but in my region they’re dead.
it takes days to get medicine and then an hour or more wait at the store to actually get a pharmacist to hand it to you.
Where do you live? I live(d) in the largest metros in the U.S, and have used 5 different CVS pharmacies. Only one was kind of iffy, and it was right by a major state university. The one I currently go to gets the meds the next or even same day, and I rarely wait. Even the busier ones at peak times, I never waited more than 30 minutes.