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 has launched its Flu Index® for the 2020-2021 season, a tool to track flu activity and promote vaccination during National Influenza Vaccination Week (Dec. 6-12). With a surge in COVID-19 cases, health experts stress the importance of flu shots. The index shows low flu activity overall for November, with Texas communities leading in flu cases. Walgreens' Chief Medical Officer emphasized that flu shots are essential to alleviate healthcare system strain during the pandemic. The Flu Index updates weekly and ranks flu activity in markets across the U.S. and Puerto Rico.
Walgreens Boots Alliance (WBA) announced the retirement of Executive VP and Global Chief Human Resources Officer Kathleen Wilson-Thompson, effective January. Pamela Puryear, Ph.D., will succeed her, bringing extensive experience from Zimmer Biomet and Pfizer. Wilson-Thompson is recognized for her pivotal HR leadership during the pandemic and in promoting racial equity. Puryear aims to enhance WBA's HR strategy focusing on culture and employee experience as the company pursues its digital future.
Walgreens Boots Alliance (Nasdaq: WBA) plans to launch 40 new Village Medical at Walgreens clinics by summer 2021, expanding its primary care services in Houston, El Paso, Austin, Phoenix, and Orlando. This initiative follows the successful launch of five clinics in Houston, which received high satisfaction ratings. The clinics will provide comprehensive primary care integrated with pharmacy services to improve patient health outcomes while being accessible to underserved communities. The partnership aims to establish 500 to 700 clinics across over 30 U.S. markets in five years.
Walgreens Boots Alliance (Nasdaq: WBA) will participate in the 2nd Annual Wolfe Research Healthcare Conference on November 19 at 1:10 p.m. Eastern time. Co-COO Alex Gourlay and CFO James Kehoe will represent the company.
The virtual event will be accessible via the company's investor relations website. WBA is a global leader in pharmacy and has over 21,000 stores across more than 25 countries, employing over 450,000 individuals. The company, recognized for its healthcare contributions, aims to promote healthier lives globally.
Walgreens Boots Alliance (Nasdaq: WBA) and McKesson Corporation (NYSE: MCK) have finalized their joint venture to merge their pharmaceutical wholesale businesses in Germany, creating Alliance Healthcare Deutschland. WBA retains a 70% controlling equity interest, while McKesson holds 30%. This partnership aims to enhance pharmaceutical distribution, support pharmacists, and innovate services within the German healthcare landscape. Both companies express optimism about operational success and improved healthcare delivery.
Walgreens Boots Alliance (Nasdaq: WBA) announced the appointment of Valerie Jarrett to its board of directors and audit committee, effective immediately. Jarrett, an independent director and the first African-American woman on the board, brings a wealth of experience from her roles in high-profile organizations, including Lyft and the Obama Foundation. Her appointment aligns with WBA's goals for diversity and inclusion, enhancing the board's perspective at a critical time for the company. This strategic move aims to strengthen the company’s leadership amidst evolving healthcare demands.
Walgreens Boots Alliance (Nasdaq: WBA) announced a quarterly dividend of 46.75 cents per share, unchanged from the previous quarter but a 2.2% increase from last year. This dividend will be paid on December 11, 2020, to shareholders on record as of November 19, 2020. The company has a long-standing commitment to dividends, having paid them for 352 consecutive quarters and raised them for 45 consecutive years. Walgreens Boots Alliance continues to be a leader in the pharmacy sector, serving millions of customers globally.
Walgreens expands its COVID-19 testing program to include children aged 3 and older, enhancing access to testing services across the U.S. Previously, testing was limited to those aged 18 and over. With approximately 620 testing sites currently operational and an additional 80 set to open, Walgreens aims to support communities, particularly those identified as socially vulnerable by the CDC. Testing is provided at no cost for eligible individuals and results are typically available within 24 to 72 hours. This initiative underscores Walgreens' commitment to community health during the pandemic.
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