Walgreens to Pause Mergers & Acquisitions Deals, Focus on Healthcare Pivot

[Epoch-Times-Bot]

Walgreens to Pause Mergers & Acquisitions Deals, Focus on Healthcare Pivot

Walgreens Boots Alliance said on Thursday it will not strike new deals in the short term after a spate of acquisitions in recent years, as it focuses on ramping up sales at its newer healthcare business.
The company, one of the largest U.S. pharmacies, has been looking to gain a bigger foothold in the healthcare space at a time when sales at its traditional brick-and-mortar stores are hit by lower demand for COVID-19 vaccines and testing compared to last-year’s peak.
“We’re not considering any M&A type activity in the short term. We’re taking a pause. We need to focus on integration activities,” Chief Financial Officer James Kehoe said in a post-earnings conference call....

Source: Walgreens to Pause Mergers & Acquisitions Deals, Focus on Healthcare Pivot

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