Prescription Drug, Acquisition | featured news

Walgreen pays $6.7 billion for Alliance Boots stake

Drug retailer Walgreen Co is buying a 45 percent stake in European health and beauty group Alliance Boots for $6.7 billion in cash and stock, creating the world's biggest buyer of prescription drugs.

 

CVS to buy Medicare business of Universal American

CVS Caremark Corp. says it will pay $1.25 billion to Universal American Corp. for its Medicare prescription drug services unit.

 

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