Walgreens Sells Itself to Private Equity Firm in $10 Billion Deal

Published On Mar 6, 2025, 7:05 PM

Walgreens Boots Alliance is being acquired by private equity firm Sycamore Partners for $10 billion, following a significant decline in its business performance and a 50% drop in stock value over the past year. The pharmacy chain has faced challenges due to falling prescription reimbursements, reduced retail sales, and increasing competition from larger retailers like Amazon and Walmart. Despite its struggles, Walgreens recently reported better-than-expected earnings, which may have influenced the timing of the acquisition. The deal represents a shift for Walgreens as it exits the public market amid ongoing operational pressures.