October 16, 2022
Walgreens Boots Alliance (WBA) announced Tuesday that it will acquire its remaining 45% stake of CareCentrix for about $392 million. The Tampa, Florida-based startup provides several solutions to support care in the home, including home nursing, home infusion and home palliative care — and serves more than 19 million people in more than 7,400 locations, according to the news release.
Ellen Herlacher, principal of LRVHealth, said while it’s too early to tell, retailers will likely prove beneficial for home health. “This is all unfolding in real time, so it remains to be seen whether Walgreens (or any of these retailers) are actually effective owners of home health companies,” Herlacher wrote in an email. “But if you’re bullish on this trend, then you probably believe that retailers are natural owners of home health companies because they are trusted brands in the consumer’s healthcare ecosystem … and trust is really important when you’re talking about business models that send strangers to frail and elderly people’s homes.”
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For over 30 years, Corridor has partnered with home-based care providers, delivering powerful solutions to support the unique challenges of caring for patients in the home. Our team of operating executives, clinicians, and nationally renowned industry experts have run provider organizations and resolved the same challenges you face.
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