Walgreens Boots Alliance is acquiring the majority share of a pharmacy automation technology company.
The drugstore giant has made a majority investment in iA, a provider of software-enabled automation solutions for retail, hospital, federal healthcare, and mail-order pharmacy markets. The investment will support iA’s expansion and further development of pharmacy automation solutions for the entire pharmacy industry.
Walgreens has been making moves to help grow its core pharmacy and healthcare businesses. Earlier in January, the retailer sold the majority of its pharmacy wholesale operation Alliance Healthcare, to AmerisourceBergen in a $6.5 billion cash and stock deal. Retail U.S. pharmacy sales rose a better-than-expected 3.9% to $27.2 billion during Walgreens’ recently concluded first quarter.
Source: Chain Storeage
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