US drugstore chain Walgreens has announced plans to close around 200 locations in the US as part of its transformational cost management programme.
This move follows a review of the real estate footprint in the US that was announced by the company on its earnings call for the fiscal quarter ended 31 May this year.
The deal comes amid a broader shake-up in the corporate setup of the healthcare industry, which earlier in the year saw consolidation among major insurance providers when Anthem purchased Cigna and Aetna acquired Humana.