After being pressed on Walgreens quarterly earnings call by the noted J.P. Morgan analyst Lisa Gill, Pessina revealed the drugstore chain was reviewing some targets.
"We are constantly reviewing a certain number of companies," Pessina said on a longer-than-usual 90-minute call Tuesday to discuss earnings."Don't ask me the names, I cannot give you the names. But of course, until now, we have not found the right numbers to do a combination with these companies." Wall Street is looking for results from Walgreens partnership strategy after the drugstore chain in the last three years has signed
the grocer Kroger, Humana and UnitedHealth Group’s urgent care business. For much of the last two years, such deals have been testing concepts and piloting healthcare services and technology to develop what executives have called the"drugstore of the future.
Meanwhile, Pessina has said repeatedly for the last two years that he’s not going to execute a big merger or acquisition for the sake of doing one even though he said this week “some acquisition could be done mainly financing them through cash.”, responding to JP Morgan’s Gill.
Now would be a good time
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