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Walgreens Seals $10 Billion Take-Private Deal With Sycamore
- Walgreens Boots Alliance agreed in early 2025 to be acquired by Sycamore Partners for just under $24 billion including debt, taking the company private.
- The deal followed Walgreens' ongoing need to improve cash flow amid rising costs, thin prescription reimbursement, and a challenging retail environment confirmed since January 2025.
- Walgreens has suspended its quarterly dividend for the first time in over 90 years and reduced its stake in Cencora to generate cash and pay down debt.
- Sycamore is agreeing to acquire shares at $11.45 each, reflecting almost a 30% increase over Walgreens' share price from December, which values the company’s equity at just under $10 billion, with the possibility of additional payments for shareholders.
- The buyout could allow Walgreens to accelerate its turnaround plan, including closing 1,200 U.S. Locations and making business changes without public market pressures.
271 Articles
271 Articles
Could a private equity deal be the end of Walgreens?
A major changing of the guard is happening at one of America's most prominent drugstore chains. Walgreens announced on March 6 that it was being acquired by private equity firm Sycamore Partners. The deal represents a massive shift in strategy for a company that has been on the decline for several years, and business analysts are wondering whether this could be Walgreens' last gasp.The deal was valued at about $10 billion, but it could be worth …
Walgreens and CVS Announce Major Pharmacy Changes—Here's How They'll Affect You
Walgreens and CVS may be the two largest pharmacy chains in the U.S., but this doesn't mean they've been immune to the retail apocalypse that's been hitting brick-and-mortar stores since the pandemic. Retail theft, online shopping, and steep competition from discount sellers have all played a part.Since the spring of 2022, CVS has shuttered a whopping 900 locations, and in January, the company announced that it would also be scaling back its pha…
Walgreens to close one location in Waterbury
Walgreens is closing one of its store in Waterbury. The company said the store at 11 Meriden Road in Waterbury is set to close on April 22 as part of the company’s plan to close 1,200 stores over the next three years. They said customers who get their prescriptions filled at this location will be notified by mail and their prescriptions will be automatically transferred to the nearest Walgreens, which is as at 649 W. Main St. in Waterbury. Walgr…
‘At rock bottom.’ Ohio pharmacy leader says Walgreens sale might be a good sign
(Stock photo Mint Images/Getty Images)Alarms in Ohio and beyond went up Thursday when pharmacy retailer Walgreens announced that it was selling itself to the private equity firm Sycamore Partners. The nation’s second-largest pharmacy chain was already in the process of closing thousands of underperforming stores, adding to mass closures in Ohio and nationwide. Private equity firms are known for buying distressed companies, selling off the valu…
MedCity News
DealbreakerWalgreens to Be Acquired by Sycamore Partners: Where Did the Retail Giant Go Wrong?
Walgreens is selling itself to the private equity firm Sycamore Partners. This comes after the company has faced increased competition from online retailers like Amazon. It remains to be seen, however, if Walgreens will perform better under Sycamore Partners. The post Walgreens to Be Acquired by Sycamore Partners: Where Did the Retail Giant Go Wrong? appeared first on MedCity News.
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