Here's Why You Should Invest in Walgreens Boots Stock Now - September 25, 2018
Here's Why You Should Invest in Walgreens Boots Stock Now. The company’s projected earnings growth rate for the current year is also favorable at 17.1% in contrast to the industry’s 2.6% decline. In a bid to ensure availability of specialty brand drugs, Walgreens Boots has tied up with Express Scripts and plans to expand their existing group purchasing efforts. Since biosimilars have the potential to lower production costs, the move is considered a prudent and timely one. At 2017-end, Walgreens Boots purchased 1,932 stores, three distribution centers and related inventory from Rite Aid for a total transaction value of $4.375 billion.The deal seems strategic for Walgreens Boots from a number of aspects.