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Pharmacy

Walgreens to close 500 locations this year

Walgreens to close 500 locations this year

The restructuring efforts follow Walgreens' $10 billion acquisition by private equity firm Sycamore Partners earlier this month, which is known for acquiring struggling retail brands and has a track record of implementing cost-cutting measures.

CVS seeks investor for new Oak Street clinics

CVS seeks investor for new Oak Street clinics

CVS Health is seeking a private equity partner to fund growth at Oak Street Health, a primary care provider the chain purchased a year ago, Bloomberg News reported on Thursday. CVS has been working with financial advisers to help find capital to back new clinics that will be opened by Oak Street,