Walgreens (WBA) Partners With Prime Therapeutics

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Walgreens Boots Alliance Inc. announced some big news on Monday, revealing that the company has partnered with Prime Therapeutics, a pharmacy benefit manager owned by 14 Blue Cross and Blue Shield health plans.

The two companies are joining forces in a retail pharmacy network agreement and mail-service business.

The alliance will bring Prime’s 22 million members preferred access to the Walgreens pharmacy network and Walgreens will become Prime’s national preferred pharmacy network starting Jan. 1st.

The allied services will have its own board of directors and executive team, to be announced later this year.

Disclaimer: We have no position in Walgreens Boots (NASDAQ: WBA) and have not been compensated for this article.