Walgreens Boots Alliance sells remaining shares of Option Care Health

​​​​​​​Walgreens Boots Alliance sold its remaining shares of Option Care Health for approximately $330 million.
Sandra Levy
Senior Editor
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Walgreens Boots Alliance announced that it has sold 10.8 million shares of Option Care Health common stock pursuant to Rule 144 for proceeds of approximately $330 million.

The company said it intends to use the proceeds primarily for debt paydown, continued support of WBA’s strategic priorities and transformation to a consumer-centric health care company.

[Read more: Walgreens Boots Alliance reports Q2 results]

The transaction is another decisive action WBA is taking to unlock value and further simplify the company’s portfolio, the company said.

[Read more: Walgreens eliminates task-based metrics for pharmacy staff]