Seeking Alpha
 

Walgreens Boots Alliance, Inc. (WBA)

- NASDAQ
  • Sep. 24, 2014, 1:45 AM
    • Walgreen (NYSE:WAG) is considering the sale of just over 50% of its infusion services business, in a deal that could value the unit at around $1.5B.
    • The division offers infusion services at home and at care centers across the U.S. Infusion therapies are used for medical conditions such as bleeding disorders and serious infections.
    • BofA has been hired by Walgreen for the sale, which has already attracted interest from several private equity firms.
    | Comment!
  • May. 18, 2014, 4:07 AM
    • Walgreen (WAG) is thinking about buying the 55% in European peer Alliance Boots it doesn't own, The Sunday Times reports.
    • Taking inspiration from Pfizer in its pursuit of AstraZeneca, Walgreen would then move its domicile to the U.K. or Switzerland in order to lower its tax rate and save billions of dollars a year.
    • Walgreen purchased 45% of Boots in 2012 in a cash-and-stock deal worth $6.7B and has a three-year option to acquire the rest.
    | 20 Comments
  • Feb. 28, 2014, 12:49 PM
    • Fred's (FRED +7.1%) has talked to Walgreen (WAG +0.1%), Dollar General(DG +0.2%) and CVS Caremark (CVS +1.5%) about a sale, according to a developing Bloomberg report.
    • The company is in the midst of a strategic review.
    • Shares of FRED have popped off the news.
    | 2 Comments
  • Nov. 27, 2013, 11:00 AM
    • CVS Caremark's (CVS) agreement to acquire Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for approximately $2.1B will strengthen its position relative to market leader Walgreens (WAG), Wells Fargo says.
    • "This transaction should strengthen CVS' positioning in the specialty pharmaceutical business, which we believe is increasingly critical in driving growth for the PBMs, particularly as we believe historical sources of earnings growth taper (including generics and mail order). Walgreens is currently the market leader in the specialty pharmacy business, followed closely by CVS and the acquisition of Coram should strengthen CVS' positioning."
    • "Prior to Caremark being solely a PBM, it was one of the largest home infusion therapy companies in the country, but Caremark sold these assets in 1995 to Coram for about $310M in cash and preferred stock, with estimated revenues of under $500M. Today's announcement will bring back this business despite the now resolved litigated history regarding the original sale, though Coram is now considerably larger and includes ambulatory infusion sites."
    • Coram peer BioScrip (BIOS) is +20% today, a move that appears directly related to the acquisition of Coram.
    | Comment!
  • Sep. 10, 2013, 9:54 AM
    • Walgreen (WAG +0.2%) has agreed to acquire 76 retail drugstores and the specialty pharmacy business of Kerr Drugs, a privately held regional chain in North Carolina. The deal also includes a distribution center, although Kerr will retain its long-term care pharmacy business.
    • While terms of the purchase weren't disclosed, Walgreen said Kerr's drugstores and specialty pharmacy operations generated sales of $381M in FY 2012.
    • The deal expands Walgreen's presence in the "fast-growing" market of North Carolina, including into many smaller communities.
    • Walgreen expects the transaction to close this year. (PR)
    | 2 Comments
  • May. 17, 2013, 12:48 PM
    Walgreen (WAG +1.3%) and Alliance Boots receive the regulatory clearances for their equity investment in AmerisourceBergen (ABC +0.4%). The clearances permit both to purchase up to 7% of ABC in the open market, and the exercise of two warrants for 16% in the aggregate in 2016 and 2017.
    | Comment!
  • Dec. 13, 2012, 12:46 PM
    BioScrip (BIOS +1.7%) moves up after announcing earlier today that it was buying infusion pharmacy services provider HomeChoice Partners for $70M in cash from DaVita HealthCare Partners (DVA -0.3%). The deal is part of a larger effort by BIOS to expand its national footprint. In February, it sold its specialty and mail-service pharmacy operations to Walgreen (WAG)for $225M, saying it wanted to turn its focus onto building its alternate-site infusion business.
    | Comment!
  • Jul. 5, 2012, 8:20 AM
    Walgreen (WAG) announces that it will acquire regional drugstore chain from the LaFrance family for $438M. The transaction includes stores running under the USA Drug, Super D Drug, Mays Drug, Med-X and Drug Warehouse banner. The company also reports that June same-store sales decreased 10.0% after generic introductions and the Express Scripts dispute adversely affected results. Shares -0.9% premarket.
    | Comment!
  • Jun. 21, 2012, 1:08 PM
    While Walgreen's (WAG +0.1%) proposed $6.7B bet on Europe-based Alliance Boots sparked a sell-off in its shares, Smead Capital's Bill Smead says the move will look "pretty darn smart" once the region recovers. With everyone "afraid to take risks, this may be the first step in establishing global drugstore chains," Smead says.
    | Comment!
  • Apr. 2, 2012, 11:10 AM
    Express Scripts (ESRX +3.3%) completes its $29.1B purchase of Medco (MHS -1.3%) following the FTC's approval of the deal. Three senior Medco execs will join Express' top team, although that doesn't incldue Medco CEO David Snow. Despite its dispute with Express, Walgreen's (WAG +2.3%) contract with Medco will be honored.
    | 1 Comment
  • Mar. 14, 2012, 10:29 AM
    Rite Aid (RAD +6.4%) shares surge as Credit Suisse suggests a Walgreen (WAG) acquisition of the drugstore chain would make sense strategically given its contact dispute with Express Scripts and CVS and reimbursement rate pressures. Putting the odds of a deal at one in three, the firm says it would create significant synergies and not likely to raise major antitrust concerns.
    | 1 Comment
  • Feb. 2, 2012, 8:09 AM
    Walgreen (WAG) snaps up assets of BioScrip (BIOS) including community specialty pharmacies and centralized specialty and mail service pharmacy businesses for a total deal value of $225M. The agreement calls for an additional $60M payment depending on if Walgreen retains some of the lines of business. Shares of WAG -0.3% premarket, BIOS halted.
    | Comment!
  • Jan. 30, 2012, 11:56 AM
    Walgreen (WAG), still smarting from the end of its relationship with Express Scripts, says it will "acquire the prescription files and inventory" of 33 Kmart (SHLD) pharmacies in 16 states. A number of Kmart locations are due to be closed.
    | Comment!
  • Jul. 21, 2011, 1:08 PM
    Shares of retail pharmacies Walgreen (WAG -3.7%) and CVS (CVS +2.9%) move in opposite directions as a result of the merger of Express Scripts (ESRX +5.7%) and Medco (MHS +15.1%). With Medco and ESRX focused on integrating, CVS may be able to swipe some customers. But with WAG losing its contract with ESRX, it may have few alternatives for pharmacy benefit services.
    | 1 Comment
Visit Seeking Alpha's
WBA vs. ETF Alternatives
Company Description
Walgreens Boots Alliance Inc operates drug-stores chain in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drug-stores, as well as mail, and by telephone and online.
Sector: Services
Industry: Drug Stores
Country: United States