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Walgreens Pharmacy Increases the Vaccination Time

Walgreens is extending pharmacy hours each Friday in June at 4,000 locations to provide those who may have limited time the additional flexibility needed to get a COVID-19 vaccine. The second-largest pharmacy store chain has more than 400 24-hour pharmacy locations across the country and also offers COVID-19 vaccinations on a walk-in basis.

Walgreens Boots Alliance has announced it has completed the sale of its Alliance Healthcare wholesale pharmacy business to AmerisourceBergen for $6.5 billion. The sale includes $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock.

The company said it will use the cash to reduce debt and accelerate the growth of its core retail pharmacy and healthcare businesses.Walgreens has used a portion of the funds to repay the outstanding amount owed on a $3.8 billion term loan. This has eliminated $3.3 billion in debt from the company’s balance sheet. The sale allows the pharmacy to move ahead on its expansion of retail pharmacy and healthcare. The deal with VillageMD is to open 500 to 700 clinics in Walgreens locations over the next five years.

The second-largest pharmacy store chain said late last year that it planned to open 40 new full-service primary care units by the end of this summer.As one of the largest pharmaceutical wholesalers in Europe, Alliance Healthcare will grow AmerisourceBergen’s wholesale, distribution and related business, ultimately expanding the breadth and depth of its global manufacturer services, AmerisourceBergen President and CEO Steven Collis said in the announcement.

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