Investment Portfolio

WBA has a global portfolio of healthcare-focused investments. Our equity method investments enable us to further extend our healthcare solutions and convenience offering to the communities we serve.   

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Cencora, formerly known as AmerisourceBergen, headquartered in Valley Forge, Pa., U.S., is one of the largest* global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. Walgreens Boots Alliance, Inc., owns approximately 17 percent of AmerisourceBergen. The net earnings attributable to this investment are classified within the operating income of the company’s United States segment. Additionally, in June 2021, Walgreens Boots Alliance completed the sale of our Alliance Healthcare businesses to AmerisourceBergen.

Boots Hearingcare

Boots Hearingcare is a supplier of digital hearing aids, batteries and accessories in the UK, working toward the goal of ensuring no one is living with untreated hearing loss. The first Boots Hearingcare store opened in 1962 in Birkenhead, UK (formerly known as David Ormerod Hearing Centres) and there are now more than 500 Boots Hearingcare rooms across the UK.

BrightSpring Health Services 

BrightSpring Health Services (formerly PharMerica Corporation) is the leading provider of comprehensive home and community-based health services to complex populations in need of specialized care.


VillageMD, through its subsidiary Village Medical, is a leading U.S. provider of value-based primary care services. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care.

Investments in China: GuoDa & Nanjing 
Sinopharm Medicine Holding GuoDa Drugstores Co., Ltd.

GuoDa is a leading retail pharmacy chain in China with more than 8,500 retail pharmacies across around 75 cities. Headquartered in Shanghai, it employs more than 30,000 people and was established in March 2004**.

Nanjing Pharmaceutical Company Limited

Nanjing Pharmaceutical Company Limited, is one of the largest* pharmaceutical wholesalers in China, based in the Jiangsu province. The company is listed on the Shanghai Stock Exchange.

*Based on publicly available information, sourced Aug. 31, 2021.
**Based on information provided by GuoDa, sourced Aug. 31, 2021.