Walgreens Stops Theranos Wellness Centers Expansion

Walgreens and Theranos

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, allowing Theranos to offer its lab testing services at Walgreens pharmacies, nationwide. The company started with 41 stores.

Walgreens writes, “Plans to open more Theranos Wellness Centers are dependent upon both companies’ ability to reach a mutually beneficial arrangement.”

“We’re trying to figure out where we are and what we do going forward. We need to understand the truth,” a Walgreens official told the WSJ.

“With the completion of our Phoenix rollout that was part of our current agreement with Theranos, we are currently in discussions about the next phase of our relationship,” Walgreens spokesperson Michael Polzin explained to TechCrunch.

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“Plans to open more Theranos Wellness Centers are dependent upon both companies’ ability to reach a mutually beneficial arrangement,” he added.

Walgreens has put together a special team to investigate Theranos.

Theranos and Walgreens are offering no further comments about their partnership at this time.

Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.