Walgreens has made two important acquisitions since Aug. 10.
Six Walgreens updates Becker’s has reported on within the final 30 days:
1. Big firms like Amazon, CVS Well being, Walgreens and Walmart are all trying to major care and physicians amid an more and more consolidating business.
2. Walgreens Boots Alliance tapped Hsiao Wang as its senior vice chairman and CIO Sept. 8. Mr. Wang succeeds Francesco Tinto, who was Walgreens’ CIO for 3 years.
3. Retail pharmacy and healthcare large Walgreens Boots Alliance has accomplished a majority share acquisition of residence healthcare firm CareCentrix. CareCentrix is valued at roughly $800 million; Walgreens acquired a 55 % majority of the corporate with a $330 million funding. CareCentrix will proceed to function as an unbiased entity and keep its personal company management construction.
4. Walgreens Boots Alliance has chosen Alethia Jackson to be the corporate’s subsequent senior vice chairman of environmental, social and governance and chief variety, fairness and inclusion officer. Ms. Jackson is presently Walgreens’ vice chairman of federal authorities relations and can transition to the brand new place Oct. 1.
5. Walgreens is providing bonuses as much as $75,000 to recruit pharmacists amid a workforce scarcity. Job postings in each state embrace a bonus, most between $30,000 and $50,000. The job postings additionally specify a minimal tenure to be eligible for the bonus, often a few yr.
6. Save Mart, a grocery retailer chain concentrated in California and Nevada, will shutter its 89 pharmacies and transfer its companies to Walgreens. The corporate, which operates in retailer names together with Save Mart, Fortunate California and FoodMaxx, was purchased by personal fairness agency Kingswood Capital Administration in March after being family-owned for about 70 years.
