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Walgreens Sells 11 Million Shares Of Option Care Health, Decreasing Stake $WBA $OPCH $DIA

By John F. Heerdink, Jr.

As per reports, Walgreen Boots Alliance (WBA) announced that it has sold 11.0 million shares of Option Care Health, Inc. (OPCH) common stock in an underwritten secondary offering. After the sale, Walgreens Boots Alliance’s ownership of Option Care Health’s common stock decreased from approximately 20.5 percent to approximately 14.4 percent.

Walgreens Boots Alliance intends to use the proceeds primarily for debt paydown and the continued support of the company’s strategic priorities.

Chief Executive Officer, Rosalind Brewer stated, “We continue to focus the Walgreens Boots Alliance portfolio of assets. Today’s action is consistent with our strategic priorities and enhances our balance sheet flexibility while generating a strong return on our Option Care Health investment.”

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.

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(Read Original Story: Walgreens Boots Alliance Sells 11 Million Shares of Option Care Health in Business Wire)


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