Tag: walgreen’s
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Walgreens Stops Theranos Wellness Centers Expansion
Walgreens has halted the expansion of Theranos Wellness Centers until it is able to “understand the truth” behind the company’s blood work technology. The Wall Street Journal wrote several scathing articles about the company’s testing, which led to more questions about the efficacy of the company’s technology. Walgreens and Theranos announced a partnership in September 2013, […]
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Walgreen Buys Duane Reade Pharmacy
Walgreen is paying $1.1 billion for New York pharmacy chain Duane Reade. The New York Times has more: Walgreen is buying the 257-store chain, which is burdened by a big debt load, from the private equity firm Oak Hill Capital Partners. The deal will be financed by Walgreen’s cash on hand and includes the assumption […]