Walgreens is forging alliances with tech giants like Microsoft as it prepares for war with Amazon
0
Filed under: Finance, Business, Companies
- Walgreens, one of the largest pharmacy chains in the US, is up against stiff competition as rivals like CVS Health strike deals and Amazon looms.
- As a defensive move, Walgreens has taken a partnership approach, forging alliances rather than doing outright takeovers. On Tuesday, Walgreens reached another such deal with Microsoft. In December, it partnered with Alphabet's life sciences arm Verily.
- We spoke to Walgreens CEO Stefano Pessina about why the changing power of the consumer is driving his approach to partnerships with grocery stores, health plans, and now tech giants.
In the not-so-distant future, on the shelves of Walgreens stores alongside headache pills, lotions and snacks, you might start to see products from tech giants like Microsoft.
The partnership strategy
'Digital health corners' and connecting data
- A $72 billion Canadian investor is poised to start making venture-capital bets in Silicon Valley
- CVS Health just revealed a key piece of its plan to change how Americans get healthcare
- One Medical is teaming up with a $23 billion health system as it works to reinvent how you visit your doctor