- The buyer is Water Street Health Care Partners, and Walgreens (WAG +0.8%) will retain a minority stake in Take Care and be the preferred strategic partner with Water Street.
- Take Care is a Walgreens subsidiary managing over 360 worksite health centers across the country. At the same time, Water Street has agreed to get a piece of CHS Health Care Services, a provider of 130 worksite health centers.
- Financial terms were not disclosed and Walgreens doesn't expect the deal to have a material impact this fiscal year.
- Press release