Healthcare retail is gaining traction throughout the globe, with key acquisitions highlighting the profitability of the sector.<\/p>\n
For example, the largest drugstore in the United States – Walgreens – recently finalized a deal to acquire 45 percent of Alliance Boots in the U.K. Alliance Boots is Britain's largest pharmaceutical stores, which means Walgreens now has control of nearly half of the brand.<\/p>\n
Walgreens paid upward of $6 billion to complete the strategic partnership, Retail Digital reports. The move should cement Walgreens' place as one of the largest players in the category.<\/p>\n
"This strategic transaction represents a further vital step in achieving our vision of becoming a global healthcare leader," said Stefano Pessina, the Italian businessman who invested millions into Boots, as quoted by the news source. "The fit is natural; Walgreen's consumer profile in the U.S. is similar to Boots in the U.K. in many ways: a trusted and much-loved pharmacy brand with a strong heritage."<\/p>\n
With an aging baby boomer population, the pharmaceutical retail market is expected to explode over the next few years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Healthcare retail is gaining traction throughout the globe, with key acquisitions highlighting the profitability of the sector. Continue reading