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US: Walgreens and Humana discussing equity stakes

By  |  November 20, 2018

Drugstore chain Walgreens Boots Alliance and insurer Humana Inc. are in early talks about taking equity stakes in each other, the Wall Street Journal reported.

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    The companies have held discussions about a variety of joint ventures, the Journal reported, including expanding their partnership serving older people. The paper cited people familiar with the matter without identifying them.

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    Walgreens declined to comment. A representative for Humana didn’t respond to a request for comment.

    Walgreens Chief Executive Officer Stefano Pessina has had a longstanding interest in expanding Walgreens’ business. In recent months the company has announced several partnerships including with grocer Kroger and the medical-testing company Laboratory Corporation of America Holdings. Its rival CVS Health is merging with insurer Aetna in a tie-up meant to provide vertically integrated health-care services.

    Full Content: Wall Street Journal
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