Walgreens sells Option Care Health Holdings for $330M

Walgreens Boots Alliance sold its remaining shares of Option Care Health on Thursday for more than $330 million, eliminating its stake in the company.

The drugstore chain will dedicate the proceeds from selling 10.8 million shares of the company, known as Walgreens Infusion Services, to reducing its debt, the company said in a news release Thursday. Walgreens Boots is slowly selling Option Care stock. In March, the company sold 15.5 million shares of Option Care at $30.75 per share.

The transaction comes less than a month after Option Care announced the plans Buys Amedisys for $3.6 billionAlthough UnitedHealth Group optum is dying too for the company.

Shares of Walgreens closed Thursday at $31.85, down 2.5% from the opening price on the Nasdaq Stock Exchange. The company’s stock opened at $31.78 on Friday.

Source link

Leave a Comment