Walgreens to pay $595 million to settle COVID test contract dispute

Walgreens reportedly has entered into a settlement agreement with Everly Health Solutions, a telehealth provider, and will pay Everly Health Solutions $595 million over a contract dispute for COVID-19 testing, per a Reuters Yahoo Finance report.

The report, which said that the settlement is payable within two business days, noted that it comes after a judge in Delaware recently ruled against Walgreens' bid to set aside an arbitration ruling. Walgreens had faced paying close to $1 billion, per the report.

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Everly Health, formerly known as PWNHealth, initiated the arbitration in 2022, claiming that Walgreens broke the terms of a 2020 business contract during the pandemic. Walgreens had used Everly's physician network to order COVID-19 tests that customers requested on Walgreens' website, according to court filings, the report said.