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Walgreens Boots Alliance
Walgreens Boots Alliance, Inc. (WBA) was an American multinational holding company headquartered in Deerfield, Illinois. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots (owner of Boots UK Limited) that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. In March 2025, the company announced that it had agreed to be taken private by Sycamore Partners for $10 billion. The private equity firm completed the acquisition in August and split WBA into five new companies: Walgreens, The Boots Group, VillageMD, CareCentrix and Shields Health Solutions.
By 2022, Walgreens Boots Alliance was ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue. In fiscal year 2022, the company saw sales of $132.7 billion, up 0.1% from fiscal 2021, and saw net earnings increase to $4.3 billion. The combined business has operations in 9 countries, as of August 31, 2022[update]. Walgreens had formerly operated solely within the United States and its territories, while Alliance Boots operated a more multinational business.
The company was listed on the Nasdaq under the symbol WBA and a component of the S&P 500 index. On June 26, 2018, Walgreens Boots Alliance replaced General Electric on the Dow Jones Industrial Index. Walgreens Boots Alliance was subsequently replaced by Amazon on the Dow Jones Industrial Index on February 26, 2024. The company was also a component of the Nasdaq-100 index until 2024.
Walgreens and Duane Reade operated within the Retail Pharmacy USA division of Walgreens Boots Alliance. Both businesses sell prescription and non-prescription drugs, and a range of household items, including personal care and beauty products. Walgreens provides access to consumer goods and services, plus pharmacy, photo department, health and wellness services in the United States through its retail drugstores. The division had 9,021 drugstores as of August 31, 2020. Walgreens runs, or ran,[vague] several online stores, such as: Beauty.com, Drugstore.com, VisionDirect.com, and Walgreens.com.[citation needed]
Walgreens has stores in all 50 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion (equivalent to $22.2 billion in 2024). However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal (equivalent to $6.5 billion in 2024), in which Walgreens only acquired half of Rite Aid locations.
On September 19, 2017, the Federal Trade Commission approved a fourth deal agreement to purchase 1,932 Rite Aid stores for $4.38 billion total (equivalent to $5.5 billion in 2024), which was completed in January 2018.
In June 2024, Walgreens announced that only 75% of its 8,600 U.S. locations were profitable and that the company was planning to shutter more than 2,000 locations by the year 2027. The stock price of Walgreens Boots Alliance (WBA) fell by more than 55% between January and July of 2024.
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Walgreens Boots Alliance
Walgreens Boots Alliance, Inc. (WBA) was an American multinational holding company headquartered in Deerfield, Illinois. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots (owner of Boots UK Limited) that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. Walgreens became a subsidiary of the newly created company after the transactions were completed. In March 2025, the company announced that it had agreed to be taken private by Sycamore Partners for $10 billion. The private equity firm completed the acquisition in August and split WBA into five new companies: Walgreens, The Boots Group, VillageMD, CareCentrix and Shields Health Solutions.
By 2022, Walgreens Boots Alliance was ranked #18 on the Fortune 500 rankings of the largest United States corporations by total revenue. In fiscal year 2022, the company saw sales of $132.7 billion, up 0.1% from fiscal 2021, and saw net earnings increase to $4.3 billion. The combined business has operations in 9 countries, as of August 31, 2022[update]. Walgreens had formerly operated solely within the United States and its territories, while Alliance Boots operated a more multinational business.
The company was listed on the Nasdaq under the symbol WBA and a component of the S&P 500 index. On June 26, 2018, Walgreens Boots Alliance replaced General Electric on the Dow Jones Industrial Index. Walgreens Boots Alliance was subsequently replaced by Amazon on the Dow Jones Industrial Index on February 26, 2024. The company was also a component of the Nasdaq-100 index until 2024.
Walgreens and Duane Reade operated within the Retail Pharmacy USA division of Walgreens Boots Alliance. Both businesses sell prescription and non-prescription drugs, and a range of household items, including personal care and beauty products. Walgreens provides access to consumer goods and services, plus pharmacy, photo department, health and wellness services in the United States through its retail drugstores. The division had 9,021 drugstores as of August 31, 2020. Walgreens runs, or ran,[vague] several online stores, such as: Beauty.com, Drugstore.com, VisionDirect.com, and Walgreens.com.[citation needed]
Walgreens has stores in all 50 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion (equivalent to $22.2 billion in 2024). However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal (equivalent to $6.5 billion in 2024), in which Walgreens only acquired half of Rite Aid locations.
On September 19, 2017, the Federal Trade Commission approved a fourth deal agreement to purchase 1,932 Rite Aid stores for $4.38 billion total (equivalent to $5.5 billion in 2024), which was completed in January 2018.
In June 2024, Walgreens announced that only 75% of its 8,600 U.S. locations were profitable and that the company was planning to shutter more than 2,000 locations by the year 2027. The stock price of Walgreens Boots Alliance (WBA) fell by more than 55% between January and July of 2024.