Welcome to our dedicated page for Walgreens Boots Alliance news (Ticker: WBA), a resource for investors and traders seeking the latest updates and insights on Walgreens Boots Alliance stock.
Walgreens Boots Alliance, Inc. (WBA) is the first global pharmacy-led, health and wellbeing enterprise. Formed in December 2014 through the combination of Walgreens and Alliance Boots, the company harnesses the strengths of two iconic brands with complementary geographic footprints and a heritage that dates back over a century. WBA operates over 13,100 stores in 11 countries and has a presence in more than 25 countries, employing over 370,000 people worldwide.
WBA is the largest retail pharmacy, health, and daily living destination in the USA and Europe, with its extensive network ensuring nearly three-quarters of Americans live within five miles of a Walgreens location. The company's revenue is majorly generated from prescription drug sales, which account for about two-thirds of its overall sales. Walgreens alone contributes to 20% of total prescription revenue in the U.S.
Alongside prescription sales, WBA's operations include retail products, European drug wholesale, and healthcare services. The company is continuously expanding its services with initiatives such as Health Corner and Village Medical, aiming to create an omnichannel experience for patients and positioning itself as a one-stop healthcare provider.
In recent developments, WBA has made significant strides towards sustainability, such as reducing single-use plastic in its packaging and collaborating with industry partners for better recycling practices. The efforts are part of the company's broader Environmental, Social, and Governance (ESG) initiatives aimed at reducing its environmental impact.
Additionally, Walgreens is expanding its specialty pharmacy services through the introduction of Walgreens Specialty Pharmacy, which integrates AllianceRx and focuses on providing care for patients with complex, chronic conditions. This initiative aims to improve patient outcomes and provide greater value to payers and partners.
WBA’s specialty pharmacy business is bolstered by its subsidiary, Shields Health Solutions, which supports health systems' specialty pharmacies across the U.S. Through these efforts, Walgreens continues to play a pivotal role in the healthcare system, offering comprehensive solutions that bridge gaps in patient care.
For National Women's Health Month, Walgreens has been highlighting the contributions of its female leaders, emphasizing the importance of women's health and wellness. The company organized events focused on work-life balance, mental health, and leadership development, furthering its commitment to diversity, equity, and inclusion.
With a mission to provide joy through better health, Walgreens Boots Alliance remains a trusted name in the healthcare and retail pharmacy sectors, continuously evolving to meet the needs of its customers and communities worldwide.
Walgreens Boots Alliance (WBA) and VillageMD announce the opening of 20 new Village Medical at Walgreens primary care practices in Tampa over the next year. The first location opened on Oct. 26. This expansion follows a similar effort in Orlando, enhancing access to healthcare for Florida residents, particularly those with chronic conditions. The partnership aims to create over 990 jobs and includes a commitment to have 1,000 primary care practices by 2027, with over half located in underserved areas, improving healthcare access and coordination.
Hims & Hers (NYSE: HIMS) and Walgreens (NASDAQ: WBA) have announced a collaboration to enhance access to health and wellness solutions. Hims & Hers products, including supplements and sexual health offerings, will be available at over 7,000 Walgreens locations and on walgreens.com starting early November. This partnership aims to destigmatize health topics and support Hims & Hers' goal of mass market accessibility, providing trusted health products to consumers in the U.S.
SigmaLedger has announced the adoption of its coupon fraud prevention solution, CuBE, by Procter & Gamble and Walgreens. This innovative system addresses the over $100 million annual losses due to coupon fraud in the retail industry. CuBE uses blockchain technology to validate coupons at the point of sale, effectively eliminating fraudulent transactions in real-time. With its deployment in over 10,000 US stores, CuBE has reportedly reduced coupon fraud by nearly 90%. The product streamlines the coupon clearing process, leading to faster reimbursements for retailers.
Walgreens will start administering Pfizer’s COVID-19 vaccine to children aged 5-11, beginning November 6, following FDA Emergency Use Authorization. With around 45 million COVID-19 vaccinations given by Walgreens thus far, the initiative targets pediatric health, especially in areas with high Social Vulnerability Index scores. The vaccine boasts a 90% efficacy rate, and appointments can be scheduled online or via phone, accommodating family schedules. This step is pivotal for preventing severe illness in children during the upcoming holiday season.
Western Dental & Orthodontics, in collaboration with the NFL Alumni Association-Southern California Chapter and Walgreens, will host a free COVID vaccination event on October 30 from 11 am to 3 pm in Inglewood, CA. The event aims to promote COVID awareness and provide free vaccinations and flu shots to attendees aged 12 and older. Families can also enjoy Halloween-themed activities. Walgreens pharmacists will administer the vaccines free of charge, contributing to community health during the pandemic.
Walgreens (WBA) has expanded COVID-19 booster shot eligibility, now offering Moderna and Johnson & Johnson vaccines nationwide following FDA and CDC guidelines. As of September 24, Pfizer booster doses were also authorized. Eligible individuals include seniors, long-term care residents, and those with underlying health conditions. Despite increasing vaccination rates among Hispanic and Black adults, disparities persist. Walgreens aims to address vaccine hesitancy through community-focused initiatives, having administered nearly 60% of COVID vaccines to people of color. Appointments can be scheduled online or via phone.
Walgreens Boots Alliance (WBA) has declared a quarterly dividend of 47.75 cents per share, maintaining the previous quarter's rate and marking a 2.1% increase from last year. The dividend will be payable on December 10, 2021, to shareholders of record as of November 15, 2021. WBA has paid dividends for 356 consecutive quarters and has increased the dividend for 46 consecutive years. This commitment reflects the company’s stability and confidence in its financial outlook.
Walgreens has launched the Flu Index® for the 2021-2022 season, showing a 23% increase in flu activity nationwide compared to last season. This index, now in its eighth year, aims to help communities track flu activity and encourage vaccinations. Las Vegas and Texas markets lead in flu activity due to heightened interactions as COVID restrictions ease. The CDC advises vaccination by the end of October. The index highlights disparities in flu vaccination rates among Black and Hispanic communities, prompting Walgreens to enhance outreach efforts for underserved populations.
Walgreens Boots Alliance (WBA) has launched Walgreens Health, a new consumer-focused healthcare strategy, supported by majority investments in VillageMD and CareCentrix. This initiative aims to enhance primary care and home care services, improving health outcomes and reducing costs. Key objectives include transforming core operations, optimizing capital allocation, and building a high-performance culture. The company anticipates 4% adjusted EPS growth over the next three years, with a flat growth prediction for fiscal 2022. WBA's investments in VillageMD and CareCentrix total $1.19 billion, expanding its presence in the healthcare market.
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