Walgreens Boots Alliance - M&A Summary and Business Overview

RetailCompany

Walgreens Boots Alliance M&A Summary

Walgreens Boots Alliance has acquired 26 companies, including 3 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 1 asset.

Walgreens Boots Alliance’s largest acquisition to date was in 2017, when it acquired PharMerica for $1.4B. Walgreens Boots Alliance has acquired in 17 different US states, and 3 countries. The Company’s most targeted sectors include healthcare services (46%) and retail (30%).

Walgreens Boots Alliance Business Overview

Where is Walgreens Boots Alliance headquartered?

Walgreens Boots Alliance is headquartered in Deerfield, Illinois.

What is Walgreens Boots Alliance’s revenue?

Walgreens Boots Alliance disclosed revenue of 139,081M USD for 2023 and 132,703M USD for 2022.

How many employees does Walgreens Boots Alliance have?

Walgreens Boots Alliance has 206,000 employees.

What sector is Walgreens Boots Alliance in?

Walgreens Boots Alliance is a retail company.

When was Walgreens Boots Alliance founded?

Walgreens Boots Alliance was founded in 1909.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity24
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 16
  • M&A Advisors 9

Walgreens Boots Alliance

Walgreens Boots Alliance, Inc.

108 Wilmot Road,
Deerfield, Illinois 60015
United States,
(847) 315-3700
www.walgreensbootsalliance.com

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 1909 and is based in Deerfield, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 23 - 1 - - - 24
vol $4.1B $4.1B
Sell (0.0/yr) # 1 - - - - - 1
  25

Most Recent M&A

Company Date Value Type
CareCentrix, Inc. 2021-10-14 - Add-on Acquisition
Hartford, Connecticut · www.carecentrix.com
Shields Health Solutions Holdings LLC 2019-07-31 - Growth Capital
Stoughton, Massachusetts · www.shieldshealthsolutions.com
PharMerica Corp. 2017-08-02 1.4B USD Going Private
Louisville, Kentucky · www.pharmerica.com
Liz Earle Beauty Co. Ltd. 2015-07-09 - Divestiture
Ryde, United Kingdom · www.uk.lizearle.com
Option Care Enterprises, Inc. 2015-01-20 - Divestiture
Buffalo Grove, Illinois · www.optioncare.com
Kerr Drug 2013-11-08 - Add-on Acquisition
Raleigh, North Carolina · www.kerrdrug.com
Wright & Filippis - Enteral Supply Business 2013-07-31 - Divestiture
, United States
Cencora, Inc. 2013-05-17 - Stake Purchase
Conshohocken, Pennsylvania · www.cencora.com
Cystic Fibrosis Foundation Pharmacy 2012-12-07 - Stake Purchase
Bethesda, Maryland
UCH Pharmaceutical Services, Inc. 2012-12-05 - Add-on Acquisition
Marion, Indiana
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PharMerica Corp. 2017-08-02 BrightSpring Health Services, Inc. 2018-12-11 2
Louisville, Kentucky · www.pharmerica.com Louisville, Kentucky · www.brightspringhealth.com
Alliance Boots GmbH 2012-06-20 Apteka Holding ZAO 2012-11-01 4
Zug, Switzerland · www.allianceboots.com Moscow, Russia

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 11 (46%) 1.2B (29%) 1 (100%) -
Retail 7 (29%) 1.5B (37%) - -
Life Science 3 (13%) 1.4B (34%) - -
Consumer Products 1 (4%) - - -
Distribution 1 (4%) - - -
Medical Products 1 (4%) - - -
Total 24 $4.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 22 4.1B 1 -
  Pennsylvania 4 278M - -
  Illinois 2 850M 1 -
  Massachusetts 2 - - -
  Washington 1 429M - -
  Texas 1 - - -
  Ohio 1 - - -
  North Carolina 1 - - -
  New York 1 1.1B - -
  Maryland 1 - - -
  Kentucky 1 1.4B - -
  Indiana 1 - - -
  Hawaii 1 - - -
  Florida 1 - - -
  Delaware 1 - - -
  Connecticut 1 - - -
  California 1 75M - -
Switzerland 1 - - -
United Kingdom 1 - - -
Domestic 22 (92%) 4.1B (100%) 1 (100%) -
Cross-border 2 (8%) - - -
Total 24 $4.1B 1 -

Top M&A Advisors

Financial Deals
Solomon Partners
3
Goldman Sachs
1
Lazard Ltd.
1
Legal Deals
Sidley
4
Weil Gotshal & Manges
2
Wachtell, Lipton, Rosen & Katz
2

Deal Values

buy # Total
> $1B 2 $2.5B
$100M to $1B 3 $1.6B
< $100M 1 $75M
TOTAL $4.1B
Largest PharMerica Corp.
$1.4B (2017-08-02)

M&A Connections

Deals
Acquired from
Investor(s)
29%
7 (29%)
Strategic(s)
8%
2 (8%)
Divested to
Investor(s)
100%
1 (100%)

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