Walgreens to be acquired by private equity firm in $10 billion deal
The Deerfield-based company just announced it is selling to private equity firm Sycamore Partners.
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The Deerfield-based company just announced it is selling to private equity firm Sycamore Partners.
The parents of Cole Schmidtknecht are suing Walgreens and a pharmacy benefits management company called Optum Rx.
The 47 clinics will all close on Thursday, Feb. 6.
The hospital group says it will close all of its clinics, inside its 47 Illinois Walgreens locations, starting on Feb. 6.
A total of five Chicago Walgreens stores will close between Monday, Feb. 17, and Thursday, Feb. 27.
The closures are part of the first round, as Walgreens plans to close 12,000 stores in the next three years.
The store in the Lake Meadows Shopping Plaza on Dr. Martin Luther King Jr. Drive off 35th Street is one of five Walgreens drugstores closing in Chicago next month. Jermont Terry reports.
Experts said Tuesday night that the industry is facing hard times because of factors such as slowing sales and diminishing reimbursements—leading to store closures.
Experts said Tuesday night that the industry is facing hard times because of factors such as slowing sales and diminishing reimbursements—leading to store closures. Sara Machi reports.
Experts raised concerns about people in already underserved communities losing easy access to drug stores.
Walgreens has announced it will be closing 1,200 stores across the country over the next three years, renewing concerns about "pharmacy deserts" – areas where people don't have easy access to drug stores.
Police said the man who was shot, along with a 48-year-old woman, had shoplifted from the Walgreens separately a short time earlier. The man who was shot pulled a gun first, police said.
Police said the man, along with a 48-year-old woman, had shoplifted from the Walgreens separately.
Michael Cozzi bought a prepaid debit card for his friend and put $300 of his own money on it—only to be told by every party involved with the card that it was in somebody else’s name and he couldn’t unlock the money. Lauren Victory reports.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The closures will focus on locations that are less profitable, too close together, or struggling to recover from shoplifting.
Consumers may pay more, or less, for the same items by stocking up just a few miles away.
It's the first contraceptive made widely available without a prescription.
According to Glencoe police, the suspects ran from Walgreens when officers arrived on scene.
In January, the FDA changed regulations to allow retail pharmacies to sell the drug mifepristone.
CVS and Walgreens announced Friday that they will start selling abortion pills as soon as this month.
Planned Parenthood of Illinois called the move a win for health equity. CBS 2’s Tara Molina reports.
Walgreens will be selling mifepristone in Illinois, among other states. CBS 2's Tara Molina reports.
The robber walked into a Walgreens, in the 6100 block of North Western Avenue just before 9:30 p.m., with a large knife and announced a robbery, police said.
Police said it happened at the location near Granville and Western just before 9:30 p.m. Tuesday.
