June 12, 2023
M&A | Tea Leaves
  • Walgreens Boots Alliance sold its remaining stake in post-acute care and infusion services company Option Care Health for $330 million. The drugstore chain announced Thursday it sold 10.8 million shares of Option Care Health and plans to use the proceeds primarily for debt paydown, continued support of the company’s strategic priorities, and to help fund its healthcare-focused business initiatives, according to a press release. (Articles here and here)