Today, Walgreens Boots Alliance announced an agreement to be taken private by Sycamore Partners, a leading private equity firm specializing in retail and consumer investments. This transaction will better position us to become the first choice for pharmacy, retail and health services. Our trusted brands and deep commitment to our customers, patients and team members have and will continue to anchor our business as we continue to serve our communities around the world. Learn more about this announcement here: https://lnkd.in/gfcvPPb7
CVS Health faces numerous lawsuits including one in which they allegedly, along with their co conspirator Asembia, pirated intellectual property and resold it on their Asembia-1 platform to many specialty pharmacies including CVS Specialty, taking in tens of millions of dollars since at least 2016. The SVP Lucille Accetta, who previously worked at Teva, had prior knowledge of its IP protections as she led multiple studies using the MMAS while at Teva. See Adherence v. CVS Health Corp., 2:24-cv-01590-JCM-NJK
So glad I retired before the retail pharmacy business became what it is today. It is tough when a company has to resort to a convoluted explanation why they are changing a major portion of a profession.
that City MD deal was a real albatross. classic PE enrich the insiders and destroy the companies leaving just a carcass
Since Walgreens took over the specialty pharmacy some time ago they have ambeen nothing but a horrible employer
Well hope it does get better because Walgreens really don't care for their employees where I worked!!!
optimistic for your team
Global HR Executive | SVP HR | CHRO | Board Director - Equifax
1 周With Walgreens Boots Alliance management doing pathetically over the years with a lack of strong and executable strategy, infrequent and thoughtless changes, revenues were continually declining anyways, and there was no way to turnaround. Having led over 15 US and cross-border M&A transactions, IMHO, if Sycamore Partners had a bit more patience and delayed, the value would have further caved in, and the deal would have been much sweeter!