Walgreens, COVID-19

Walgreens ordered to pay $987 million in COVID-19 test contract case
Retail pharmacy giant Walgreen Co must pay more than $987 million to satisfy an arbitration award won by telemedicine provider PWNHealth, a federal judge in Delaware ruled on Monday.
Walgreens ordered to pay nearly $1B to virtual care provider in COVID-19 test contract case
Walgreens must pay more than $987 million as part of an arbitration award won by a virtual care company, a federal judge ruled Monday. | Walgreens said it is closely evaluating its legal rights and options to challenge both the award and the amount of damages on appeal.
Walgreens must pay $987 million arbitration award to virtual care company, judge rules
Deerfield-based Walgreen Co. must pay a $987 million arbitration award to a company it contracted with to help order COVID-19 tests for patients, a federal judge ruled Monday. At the beginning of the COVID-19 pandemic,
Judge orders Walgreens to pay nearly $1 billion in COVID test case
In 2024, the arbitrator issued a $988 million award to PWNHealth. Walgreens disputed the alleged claims and the amount of the award because it was in “contravention of a contractual cap on damages in the agreement, which limits damages to $79 million,” Walgreens said in a filing with the U.S. Securities & Exchange Commission.
Walgreens ordered to pay $987M in COVID-19 testing dispute
At the beginning of the COVID-19 pandemic, Walgreens partnered with PWNHealth to facilitate physician-ordered COVID-19 tests for customers. However, when regulations shifted, Walgreens allegedly began to use its own pharmacists to order tests through the same system without consulting with PWNHealth,
Walgreens must pay $988M arbitration award, federal judge rules
Walgreens Boots Alliance (NASDAQ:WBA) suffered a setback in its legal dispute with PWNHealth after a federal court in Delaware ordered it to pay $988M to the telehealth company as an arbitration award for an alleged contract breach.
Walgreens’ VillageMD Taps Advisers as Backer Pursues Exit Plan
VillageMD, the health care clinic chain backed by Walgreens Boots Alliance Inc., is working with Evercore Inc. for assistance ...
Walgreens to permanently close 5 LA-area stores — as it shutters 1,200 nationwide
Walgreens is set to close five locations across Los Angeles and Orange counties in the coming weeks as the struggling ...
Why Walgreens' Dividend Suspension Shouldn't Come as a Surprise to Investors
Walgreens Boots Alliance (NASDAQ: WBA) faces an uncertain path ahead. Shares of the pharmacy retailer haven't been this low ...
To Pay Down Debt, Walgreens Sells More Cencora Shares For $300 Million
Walgreens has sold more shares of drug distributor Cencora for proceeds of about $300 million in the latest effort to pay ...
Walgreens permanently closing some stores in Southern California
Walgreens said five retail pharmacy stores in Southern California will close in late March, citing "increased regulatory and reimbursement pressures." ...
Former Walgreens CEO makes donation, creates scholarship at Morehouse College
Morehouse College announced it has received a $5 million donation from retired Walgreens CEO L. Daniel Jorndt. The funding ...
Walgreens Boots Alliance: Larger Structural Problems Remain
Walgreens-Boots Alliance struggles with margin compression, competition, and financial risks. Learn why these challenges make ...
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VillageMD taps advisers as Walgreens pursues exit plan
Walgreens Chief Executive Officer Tim Wentworth reiterated on an earnings call last month that the company plans to divest VillageMD.