Walgreens had only recently become part of the Alliance Boots pharmacy group but it appears that more change is in the works for them. Italian billionaire Stefano Pessina, the top Walgreens executive, has said, though, that the increase of government influence over payments to pharmacies has forced the company to have to make some tough decisions.
“This market, the American market, is ready for another round of consolidation,” the Walgreens Acting CEO and executive vice chairman said to analysts last week regarding the Walgreens Boots Alliance second-quarter earnings call. “Because the margins are squeezed everywhere; the government is more a...
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