Walgreens
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Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. [4]
Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies.
Walgreens is standing up a new specialty pharmacy segment to compete in an increasingly crowded pharmacy benefits manager (PBM) and specialty pharmacy space.
CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the Fortune 500.
Walgreens Boots Alliance CEO Tim Wentworth is changing the way the retail pharmacy chain operates in a bid to become a more clinically oriented brand — though without the clinics.
Walgreens said in 2019 it would close 200 stores and in June announced an additional 150 store closures. The loss of a retail pharmacy can leave a void, especially for lower-income households.