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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) announces a $5.2 billion investment in VillageMD, increasing its ownership stake from 30% to 63%. This investment will enable the opening of over 600 co-located primary care practices within Walgreens stores across more than 30 U.S. markets by 2025, expanding to 1,000 by 2027. The initiative aims to enhance access to primary care, particularly in underserved communities, where more than 75% of Americans live within five miles of a Walgreens location. VillageMD plans to conduct an IPO in 2022.
Walgreens Boots Alliance (WBA) reported strong fourth quarter and fiscal year results, with fourth quarter EPS of $0.41, a 6.4% increase year-over-year, and adjusted EPS up 29.5% to $1.17. Sales from continuing operations rose 12.8% to $34.3 billion, reflecting robust growth across U.S. and International segments. Fiscal 2021 EPS increased significantly to $2.30, with total annual sales of $132.5 billion. Free cash flow for the year was $4.2 billion. The company surpassed its COVID-19 vaccination goal, administering over 34.6 million vaccinations during the fiscal year.
Walgreens Boots Alliance (WBA) has announced two significant executive appointments. Holly May is appointed as the Executive Vice President and Global Chief Human Resources Officer, bringing extensive HR experience from Abercrombie & Fitch and Starbucks. Anita Allemand joins as Chief Transformation and Integration Officer, focusing on healthcare innovation and transformation strategies. Both will report to CEO Roz Brewer. May's start date is set for late October, while Allemand's is October 29, signaling a strategic shift in leadership as the company aims to enhance its healthcare offerings.
Walgreens Boots Alliance (WBA) has reached a significant milestone, distributing life-changing vitamins and minerals to over 300 million women and children worldwide through its partnership with Vitamin Angels since 2013. The company aims to reach 500 million by August 2025. The initiative focuses on providing essential nutrients to at-risk populations, especially in the U.S. and 65 other countries. Additionally, WBA has launched a prenatal vitamin pilot program in Chicago, addressing gaps in access due to inadequate insurance coverage during pregnancy.
No7 Beauty Company, part of Walgreen Boots Alliance, has launched its new Pure Retinol Collection, focusing on gentle skincare solutions. The collection includes a Night Cream and Eye Cream, developed after 15 years of research. Utilizing slow-release encapsulation technology, the products aim to address common concerns like fine lines and dark circles while minimizing irritation. The launch coincides with the ‘We See You’ campaign, emphasizing inclusivity for women historically underrepresented in the beauty sector.
Walgreens and Safeguard have launched the Hope is in Your Hands program, donating
Walgreens has announced that eligible individuals can now receive Pfizer COVID-19 booster vaccinations along with flu shots in stores across the U.S. This follows FDA Emergency Use Authorization and CDC guidance. Eligible populations include individuals aged 65 and older, those in long-term care, and others with underlying conditions. Patients can schedule appointments through Walgreens' website or by phone. Additionally, Walgreens is offering a $5 reward for those who receive vaccinations in-store, promoting community health and convenience.
Walgreens Boots Alliance (WBA) has announced a majority investment of approximately $970 million in Shields Health Solutions, increasing its ownership to 71%. This partnership aims to enhance innovative healthcare models and further develop health system partnerships, particularly in managing complex chronic conditions. Following this investment, Shields will operate independently while its financials will be consolidated by WBA, potentially becoming modestly accretive in its first full year. The transaction is expected to close by the end of WBA's second fiscal quarter in 2022.
Walgreens has announced new bonuses and rewards for its pharmacy teams, including a $1,250 bonus for full-time pharmacists and $1,000 for part-time pharmacists, to be paid in September 2021. Certified pharmacy technicians will also receive a $1,000 reward if they administer flu and COVID-19 vaccines. Additionally, Walgreens is incentivizing team members with $200 in myWalgreens cash for COVID-19 vaccinations completed by November 30, 2021. These initiatives aim to support employee dedication amidst ongoing COVID-19 efforts.
Walgreens (WBA) and Northwell Health announced a five-year strategic affiliation aimed at enhancing health equity and improving the health of populations in New York State. This partnership will focus on innovative health care delivery models that reduce costs and improve access and quality of care. Collaborative efforts include digital services, retail pharmacy offerings, and making Walgreens an in-network pharmacy for Northwell employees. This initiative also aims to expand telehealth services and explore retail health clinics in underserved areas.
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