Walgreens is closing and being sold for parts. That’s what always happens. - ThreadSky

chanda.bsky.social • 2 days ago

Walgreens is closing and being sold for parts. That’s what always happens.

NEW YORK (AP) — Walgreens agrees to be acquired by private equity firm for almost $10 billion.

Comments

bpdmillennialwitch.bsky.social•2 days ago

I still remember when they allowed a Catholic pharmacist to refuse to fill a prescription for a woman because the medicine she needed MIGHT be used as an abortifacient

So. lol

chanda.bsky.social•2 days ago

The people it sucks for are the communities who rely on them because mom and pop shops were forced out of business

blcort.bsky.social•2 days ago

Exactly this

amoebahumbug.bsky.social•2 days ago

Yep this my hometown scenario. It will push more business to Walmart as only other nearest option.

blcort.bsky.social•2 days ago

I’m sorry. It didn’t have to be this way

jeffreyalord.bsky.social•2 days ago

Probably parts sold out to health insurance companies.

precious1648.bsky.social•2 days ago

Exactly!

amandabeloved.bsky.social•2 days ago

Private equity firms are crapoing on everyone. Will be moving my scripts ASAP

stellarem.bsky.social•2 days ago

'But they have no assets? Just a bunch of retail spaces with junk retail inventory.

chanda.bsky.social•2 days ago

Property is an asset

firecrackerboom.bsky.social•2 days ago

This makes it much easier to take away our Zoloft and Adderall

blcort.bsky.social•2 days ago

Yep. Destroyed all those small pharmacies too

ewoychowsky.bsky.social•1 day ago

Growing up, the Walgreens near where we lived had a lunch counter. Before she passed away, my grandmother and I would sometimes go there.

There goes another childhood memory.

drchrisdeutsch.bsky.social•2 days ago

Wow! Just dismantling the brick and mortars.

llyrkellow.bsky.social•2 days ago

This is what Melon et al want to do to your economy AND your government.
#Resist

madman731.bsky.social•2 days ago

Considering that they sold out to the right wingers I'm not surprised, I haven't been to one in at least a year or two

longrovebridge.bsky.social•2 days ago

Not really. This isn’t what’s happening.

baj.bsky.social•2 days ago

No, first Walgreens takes out enormous new loans to pay for "transformational investments" that turn out to be mostly one-time bonuses for the PE team that put together the deal.

THEN it's torn to pieces and sold for parts.

borcdaorc.bsky.social•2 days ago

That is what happened to JoAnn's

restofstuff.bsky.social•2 days ago

Joann’s should buy parts of Walgreens and sell medicine.

lecarre.bsky.social•1 day ago

Yep

kevdog.bsky.social•2 days ago

Now comes the part where they sell the land and Walgreen’s has to lease it back.

byraven.bsky.social•2 days ago

Yep

k8e1.bsky.social•2 days ago

Ugh. Goodbye Duane Reade, sad.

coolkk21.bsky.social•1 day ago

Good. They are horrible ppl.

chaoticsequence.bsky.social•1 day ago

There are a bunch of non chain pharmacies in my nabe but I have no idea if my healthcare plan will deal with them. There used to be more before the big three came along and swallowed them up

nedpyle.com•2 days ago

Tbh: good riddance

lchopalong.bsky.social•2 days ago

And PBMs are probably going to try to rebrand after their bad press. More trash, fewer jobs in rural areas, fewer store fronts.

notmattbellamy.bsky.social•1 day ago

But before it finally declares bankruptcy for the final time, its workers will be treated like crap:

savagecatscratch.bsky.social•2 days ago

Cool! I was needing some used metal shelves, plus they never answered the phone nor filled my meds...so this will work out nicely. 😁

bradiscranky.bsky.social•2 days ago

at least in this case they made us all learn to replace them before they closed

thiswasatriumph.bsky.social•2 days ago

Private equity bought the US gov’t for less

redxredxwhine.bsky.social•2 days ago

Yes this.

everything. must. go.

solient.bsky.social•2 days ago

Well, fuck. That's my closest pharmacy and they're actually GOOD at the pharmacy stuff.

The next nearest pharmacy is... some distance away.

kathleencarson.bsky.social•2 days ago

I live in a major city, and the chains except Walgreens - CVS, Rite Aid, which bought a beloved local chain and promptly ran it into the ground - have empty shelves, are dirty, and are understaffed both on the retail and Rx side. I'm pretty sure that is all private equity.

solient.bsky.social•2 days ago

I haven't been in a CVS in almost a decade and they were garbage then; I can't imagine how bad they are now. Rite Aid used to be decent, no idea how it is these days. Dunno about private equity but they did file for Chapter Eleven at one point.

kathleencarson.bsky.social•2 days ago

The shelves are like maybe 30% and everything is so scuzzy. The one I went to recently, half the coolers were broken. So, they were just full of room temp drinks.

solient.bsky.social•1 day ago

Oof. >.<

citizenbernard.bsky.social•2 days ago

We have broken America and sold it for parts

thesameperson.bsky.social•2 days ago

R.I.P. Walgreens. Another brick-and-mortar company bites the dust.

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