DEERFIELD, Unwell.–(BUSINESS WIRE)–Walgreens Boots Alliance, Inc. (Nasdaq: WBA) right this moment introduced that it has offered 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 p.c to roughly 14.4 p.c.
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 Government Officer, Rosalind Brewer, mentioned:
“We proceed to focus the Walgreens Boots Alliance portfolio of belongings. Immediately’s motion is in keeping with our strategic priorities and enhances our stability sheet flexibility whereas producing a powerful 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 every single day, with a 170-year heritage of caring for communities.
A trusted, international 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 objective – to create extra joyful lives by means of higher well being. By way of meting out medicines, bettering entry to a variety of well being providers, 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 staff members and a presence in 9 nations by means of 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 positioned in a number of nations, together with China and the U.S.
The corporate is happy 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 part of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Finest Company Residents 2021.
Extra firm info is on the market at www.walgreensbootsalliance.com.
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