Walgreens ends transition to private company with Mike Motz as CEO
Motz signaled that the shift to private ownership will enable Walgreens to strengthen its core retail and pharmacy operations further.
Motz signaled that the shift to private ownership will enable Walgreens to strengthen its core retail and pharmacy operations further.
Once one of the largest pharmacy chains in the world, Walgreens will now begin a new chapter under private ownership.
Operating loss was $64 million, compared to operating loss of $220 million in the year-ago quarter, reflecting lower acquisition-related amortization and higher contributions from VillageMD risk-based business.
"As chair of NACDS, I will be focused on working with industry leaders to strengthen pharmacy’s role as the front door to health care."
“We remain in the early stages of our turnaround plan, and continue to expect that meaningful value creation will take time,” says WBA CEO Tim Wentworth.
The company's volatile share price has complicated negotiations.
The company is now working on "creative" solutions while improving the in-store experience.