DEERFIELD — Walgreens Boots Alliance Inc. stated it has offered 11 million shares of Bannockburn-based Possibility Care Well being Inc.’s 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 about 14.4%, the corporate stated.
Walgreens Boots Alliance intends to make use of the proceeds primarily for debt paydown and the continued assist of the corporate’s strategic priorities.
The sale represented about 6% of its present shares excellent, stated Possibility Care, the nation’s largest unbiased supplier of house and alternate website infusion providers. The corporate employs over 7,500 workforce members, together with about 4,500 clinicians, who work to raise requirements of look after sufferers with acute and persistent circumstances in all 50 states.
“(Tuesday’s) motion is in step with our strategic priorities and enhances our steadiness sheet flexibility whereas producing a powerful return on our Possibility Care Well being funding,” stated Rosalind Brewer, CEO of Walgreens Boots Alliance.
