M&A Deal Summary

Walgreens Boots Alliance Acquires Drugstore.com

On March 24, 2011, Walgreens Boots Alliance acquired retailer Drugstore.com for 429M USD

Acquisition Highlights
  • This is Walgreens Boots Alliance’s 5th transaction in the Retail sector.
  • This is Walgreens Boots Alliance’s 4th largest (disclosed) transaction.
  • This is Walgreens Boots Alliance’s 12th transaction in the United States.
  • This is Walgreens Boots Alliance’s 1st transaction in Washington.

M&A Deal Summary
Date 2011-03-24
Target Drugstore.com
Sector Retail
Buyer(s) Walgreens Boots Alliance
Deal Type Add-on Acquisition
Deal Value 429M USD
Advisor(s) Sonenshine Partners
Allen & Company (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Drugstore.com

Bellevue, Washington, United States
website
Drugstore.com is an Internet retailer of health and beauty care products.

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Buyer(S) 1

Buyer

Walgreens Boots Alliance

Deerfield, Illinois, United States

website

Category Company
Founded 1901
Sector Retail
Employees223,000
Revenue 132.7B USD (2022)
DESCRIPTION
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1901 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 12 of 24
Sector (Retail) 5 of 7
Type (Add-on Acquisition) 11 of 16
State (Washington) 1 of 1
Country (United States) 12 of 22
Year (2011) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-09 Duane Reade

New York, New York, United States

Duane Reade, Inc. is a chain of pharmacy and convenience stores.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Chroniscript

Miami, Florida, United States

Chroniscript, a transplant SPS provider in Miami, FL.

Buy -
Mergr

Product

Company

Legal