Walgreens Boots Alliance Sells Remaining Shares of Option Care Health for Approximately $330 Million of P
Benzinga Transaction Highlights
- Walgreens Boots Alliance announces the sale of its remaining shares of Option Care Health for proceeds of approximately $330 million
- Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown, continued support of the company's strategic priorities and healthcare transformation
Walgreens Boots Alliance, Inc. WBA today announced that it has sold 10.8 million shares of Option Care Health, Inc. ("Option Care Health") OPCH common stock pursuant to Rule 144 for proceeds of approximately $330 million.
The company intends to use the proceeds primarily for debt paydown, continued support of WBA's strategic priorities and transformation to a consumer-centric healthcare company. The transaction is another decisive action WBA is taking to unlock value and further simplify the company's portfolio.
About Walgreens Boots Alliance
Walgreens Boots Alliance WBA is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities.
