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Walgreens Boots Alliance Completes Majority Share Acquisition Of Carecentrix

Aug 31, 2022•over 3 years ago

Acquiring Company

Walgreens Boots Alliance

Acquired Company

CareCentrix

DeerfieldHartfordRetailHealth CareManufacturingHealth Care

Description

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced it has completed its previously announced majority share acquisition of CareCentrix, Inc.—the leading independent home-centered platform that coordinates care to the home for health plans, patients and providers. The majority investment in CareCentrix accelerates Walgreens Health’s capabilities in delivering quality healthcare across a spectrum of settings including primary care, specialty pharmacy care, post-acute care and home care.

Company Information

Company

Walgreens Boots Alliance

Location

Deerfield, Illinois, United States

About

Walgreens Boots Alliance (Nasdaq: WBA) is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed