Fletcher reposted this
Walgreens news: A #strategic move aimed at addressing several key challenges and objectives: 📉 Debt Reduction: Proceeds will pay down debt, given financial pressures and struggles, of which include tight reimbursement rates for prescriptions and rising cost of operations ⚙ Operational Funding: To support Walgreens’ ongoing operations and stated intentions to strategically #pivot to health services, as part of a broader effort to diversify beyond traditional drugstore operations and leverage its expertise in the drug supply chain. ✂ Cost-Cutting Measures: Part of this $1 billion cost-cutting initiative includes closing underperforming stores and reducing its stake in various assets, to improve overall financial stability https://lnkd.in/eHPtwMjV #Walgreens #Strategy #Healthcare