Walgreens considers selling to PE firm: 5 things to know

Walgreens considers selling to PE firm: 5 things to know  
Becker's ASC Review; by Patsy Newitt; 12/11/24 
Walgreens Boots Alliance is reportedly considering selling itself to private equity firm Sycamore Partners and becoming private, The Wall Street Journal reported Dec. 10. Here are five things to know:

1. The deal could be inked as early as next year ...
2. This decision comes amid clinic closures across multiple states ...
3. Financially, Walgreens posted a $978 million operating loss in Q4 2024 — a 117% increase year-over-year. Net losses jumped to $3 billion, compared to $180 million the year prior
4. In 2021, the company acquired a majority stake in VillageMD through a $5.2 billion deal, but it is now reconsidering that strategy — mirroring other large chains' struggle to break into primary care ...
5. Sycamore Partners specializes in retail and consumer investment ...

Both Walgreens and Sycamore Partners declined to provide Becker's with a comment.