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Walgreens Boots Alliance

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About Walgreens Boots Alliance

The Walgreens Boots Alliance is the parent company of Walgreens, with the headquarters in Deerfield, Illinois. They own Walgreens, Boots, and other pharmaceutical manufacturing and wholesale companies, as well as distribution organizations. This company was formed in 2014, after Walgreens purchased the Alliance Boots company with a 55 percent stake in addition to what they already owned. The total price of the acquisition was $4.9 billion.

Walgreens Boots Alliance has approximately 345,000 employees across divisions that include retail pharmacy USA, retail pharmacy international, and pharmaceutical wholesale divisions.

This company started on December 31, 2014, after Walgreens purchased a 55 percent stake in Alliance Boots, which was previously based in the United Kingdom and Switzerland. Walgreens had already previously purchased 45 percent of the company for $4 billion. Under the terms of the merger, the company organized into three different divisions, which included domestic and international pharmacies and the pharmaceutical wholesale division. However, the company has changed considerably since then. There are now many different divisions, including Boots Opticians, Drugstore.com, Walgreens, Duane Reade and many more.

Walgreens may seem like a company that is based solely in the United States, but in fact, this combined business deal has spread out to more than 25 different countries. They had previously operated solely in the United States as Walgreens while Boots International operated all across the globe. The revenue reported in 2017 was $128.2 billion with revenue per share reported at $126.84. This showed a quarterly revenue growth of exactly 14 percent and a quarterly earnings growth of 15.5 percent.

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