Reportedly, Walgreen Boots Alliance (WBA) announced the appointment of Steven J. Shulman to the company’s board of directors becoming the board’s 11th member, effective Jan. 27, 2022. Shulman appointment will offer expertise in healthcare management, as well as an extensive leadership background in emerging healthcare technologies. Shulman currently serves on the boards at both VillageMD and CareCentrix, two companies in which recently Walgreens has taken a majority ownership interest.
“Steven is a tremendous addition to our board of directors. His vast leadership experience and in-depth knowledge across the healthcare spectrum will be invaluable as we move into our next phase of being a market leader at the center of community healthcare,” stated Stefano Pessina, Executive Chairman, Walgreens Boots Alliance.
Steven J. Shulman stated, “I am honored to join the Walgreens Boots Alliance board at an exciting and pivotal time, and look forward to working with the board and leadership team to further the great momentum they’ve built. I am confident WBA will make an even greater impact in the communities it serves, by improving access and health outcomes, while lowering the total cost of care.”
Mr. Shulman currently serves as the Chairman of CareCentrix Inc., a role he has held since 2008, and is also Chairman of SOC Telemed. He is the co-Chairman of HealthMap Solutions and the Lead Director of VillageMD. In addition, Mr. Shulman was Managing Partner at Shulman Family Ventures, Inc., a private equity firm, since 2008. Prior to that, he was the Chairman and Chief Executive Officer of Magellan Health Services, Inc. (n/k/a Magellan Health, Inc.) from 2002 to 2008, and Chairman of Magellan Health, a managed healthcare company, from 2019 to January 2022. Mr. Shulman was previously Chairman and Chief Executive Officer of Internet Healthcare Group, LLC (a venture capital firm) and as Chairman, President and Chief Executive Officer of Prudential Healthcare. He co-founded Value Health Inc., where he had roles as Director and as President of the Pharmacy and Disease Management Group. In addition, he has held senior positions at Cigna Corporation, where he was President of the East Central Division, and Kaiser Permanente, as Director, Medical Economics. Mr. Shulman is also a director of several other privately held companies, including Facet Technologies, Ensemble Healthcare Partners, Invo, Longevity Healthcare and Pager, Inc. Previously he was Chairman of the Board of Directors of both R1 RCM, Inc. from 2013 to 2018 and Health Management Associates, Inc., from 2013 to 2014.
Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.