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Walgreen Company, doing business as Walgreens, is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. [3] It specializes in filling prescriptions, health and wellness products, health information, and photo services. [ 4 ]
[2] [3] Rosenbluth later founded Take Care Health Systems, an in-store clinic operator, which he later sold to Walgreens. [4] Following the sale, he led Walgreens’ Health and Wellness Division. [4] He is the current Chairman & CEO of New Ocean Health Solutions, a technology company focused on addressing needs within healthcare. [5]
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The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. [3] Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. [4]
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