Walgreens mulls sale of pharmacy automation unit for $2B – Bloomberg
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Walgreens (NASDAQ:WBA) is considering a sale of its pharmacy automation business, iA, for up to $2B, Bloomberg reported Wednesday, citing people familiar with the matter.
The company has engaged advisors for the sales process, which could start next month or so, the people said, adding that rival healthcare companies and private equity firms could be potential acquirers.

According to the people, a final decision has yet to be taken, and Walgreens (WBA) can decide to keep the unit. A company representative refused to comment.
Walgreens (WBA) disclosed a $451M cash payment in March 2021 to acquire a majority stake in the Indianapolis-based iA.
The news comes at a time when the deal making the pharmacy space is gaining momentum. In June, Becton, Dickinson (BDX) with Frazier Healthcare Partners agreed to acquire Parata Systems, a provider of pharmacy automation solutions, for $1.5B in an all-cash deal.

Read: Citing Walgreensâ (WBA) pivot to healthcare services, Seeking Alpha contributor Daniel SchÃ¶nberger argues that the companyâs U.S. Healthcare business should drive its future growth.