Transaction Highlights
- Walgreens Boots Alliance broadcasts sale of 11.0 million shares held in Possibility Care Well being
- Proceeds to Walgreens Boots Alliance will likely be used primarily for debt paydown and the continued assist of the corporate’s strategic priorities
DEERFIELD, Ailing., Aug. 16, 2022 – Walgreens Boots Alliance, Inc. (Nasdaq: WBA) immediately introduced that it has bought 11.0 million shares of Possibility Care Well being, Inc. (“Possibility Care Well being”) (Nasdaq: OPCH) frequent inventory in an underwritten secondary providing.
After the sale, Walgreens Boots Alliance’s possession of Possibility Care Well being’s frequent inventory has decreased from roughly 20.5 % to roughly 14.4 %.
Walgreens Boots Alliance intends to make use of the proceeds primarily for debt paydown and the continued assist of the corporate’s strategic priorities.
Chief Govt Officer, Rosalind Brewer, mentioned:
“We proceed to focus the Walgreens Boots Alliance portfolio of property. At the moment’s motion is in step with our strategic priorities and enhances our stability sheet flexibility whereas producing a robust return on our Possibility Care Well being funding.”
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is an built-in healthcare, pharmacy and retail chief serving hundreds of thousands of consumers and sufferers each day, with a 170-year heritage of caring for communities.
A trusted, world innovator in retail pharmacy with roughly 13,000 areas throughout the U.S., Europe and Latin America, WBA performs a vital position within the healthcare ecosystem. The corporate is reimagining native healthcare and well-being for all as a part of its goal – to create extra joyful lives by higher well being. By dishing out medicines, enhancing entry to a variety of well being companies, offering prime quality well being and wonder merchandise and providing anytime, anyplace comfort throughout its digital platforms, WBA is shaping the way forward for healthcare.
WBA has greater than 315,000 crew members and a presence in 9 international locations by its portfolio of shopper manufacturers: Walgreens, Boots, Duane Reade, the No7 Magnificence Firm, Benavides in Mexico and Ahumada in Chile. Moreover, WBA has a portfolio of healthcare-focused investments situated in a number of international locations, together with China and the U.S.
The corporate is pleased with its contributions to wholesome communities, a wholesome planet, an inclusive office and a sustainable market. WBA has been acknowledged for its dedication to working sustainably: it’s an index element of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Finest Company Residents 2021.
Extra firm info is out there at www.walgreensbootsalliance.com.
(WBA-GEN)
WBA Media Relations
USA / Jim Cohn, +1 224 813 9057
Worldwide, +44 (0)20 7980 8585
WBA Investor Relations
Tiffany Kanaga, +1 847 315 2922
Supply: Walgreens Boots Alliance, Inc.
