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Walgreens hopes for a revival after closing 1,200 stores
US pharmacy chain Walgreens is planning to close 1,200 of its stores over the next three years. Walgreens said that it is “reorienting” to “our legacy strength as a retail pharmacy-led company”. The decision comes after the merger of Caremark and Aetna, the second-largest US health insurer, in September last year. Earlier, Rite Aid also…
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The pharmacy giants have announced settlements totaling $10 billion for their opiate business
CVS Health has announced that it will acquire Oak Street Health for $10.6 billion in a deal that will give it one of the largest Medicare Advantage health plans. Oak Street Health has 160 health clinics in 21 states. The deal marks the third-largest acquisition in the US health care sector so far this year…