Walgreens Boots Alliance is now private after Sycamore Partners completes acquisition. Operations split into separate standalone companies. Walgreens removed from S&P 500, replaced by Interactive Brokers. Staples CEO Mike Motz to take over as Tim Wentworth exits. Walgreens focused on turnaround strategy amid e-commerce pressure.

Front-of-store sales lag while prescriptions drive income. Specialty pharmacy, clinical trials, home health, and physician group boosted. Stefano Pessina to remain involved post-deal closing. Sycamore Partners acquires business with Pessina reinvesting in WBA. Stock ceases trading, shareholders to receive $11.45 per share plus potential additional $3 per share.

Anjalee Khemlani, senior health reporter at Yahoo Finance, covers pharma, insurance, provider services, and health policy. Follow her as AnjKhem on social media platforms. For in-depth analysis of health industry news, visit the link provided.

Read more at Yahoo Finance: Walgreens goes private as Sycamore closes deal, Staples CEO to replace Tim Wentworth