Walgreens Boots Alliance To Acquire Remaining 45% Stake Of CareCentrix

Walgreens Boots Alliance (WBA) entered a definitive agreement to acquire the remaining 45% stake of CareCentrix for approximately $392 million. WBA currently owns 55% of CareCentrix in a deal that closed on August 31, 2022. The full acquisition is subject to limited customary closing conditions and is expected to close by March 2023. CareCentrix will continue as a distinct business and brand within WBA following the full acquisition.

CareCentrix provides care coordination and outsourced benefit management services for the post-acute and home care industry. It currently manages care for more than 19 million members through over 7,400 provider . . .