To help its case, CVS is acquiring insurer Aetna and hopes to close the deal sometime in the fourth quarter. It's not that being a retailer is a bad thing. And most recently, we completed our acquisition of more than 1, Rite Aid drugstores in the U.
Despite all the fear in the market, Pessina says it's important to recognize that even Amazon understands it cannot be only online.
Outside its stores, Walgreens and Walgreens Boots Alliance strive to be a force for good in the world by championing accessible health care, supporting the places in which we live and work, treating people with dignity and respect, protecting the environment and carrying quality products.
Combining Walgreens with the Boots pharmacy chain and pharmaceutical distributor Alliance Healthcare has created opportunities to bring global beauty brands to Walgreens U. The merger also gave Walgreens the opportunity to think in a new way about our business. Anticipating these changes, Walgreens is accelerating its transformation as a customer-led company and creating a new health care and retail experience.
Walgreens will still be largely a pharmacy chain, though the company is trying to change that.
In its pharmacies, Walgreens was the first major drugstore chain to put prescriptions into child-resistant containers in the s long before it was required by law and in was the first to offer safe medication disposal kiosks in its stores. The company has inked partnerships with numerous health-care companies, including insurer Humana and diagnostics company LabCorpto test new health services in some stores.
Its competitor, CVS Healthhas been touting itself as a health-care company dedicated to transforming the patient experience and lowering costs in the process.
Once the deal is finalized, CVS will own a drugstore, a pharmacy benefit manager and an insurer. With its brand as a foundation, Walgreens is building its business in four areas: pharmacy, front end, health care services and consumer services.
He cited Amazon's acquisition of Whole Foods affirming the e-commerce giant's desire to get into brick-and- mortar retail.