Walgreens is a retail pharmacy network in the United States that sells prescription medications, over-the-counter drugs, health and wellness products, and offers photo services. It operates through a large network of stores and an online platform, enabling customers to order prescriptions or products online and pick them up the same day. Walgreens’ photo service lets customers print photos and create personalized gifts such as photo books, cards, invitations, and other custom items via in-store kiosks or online. The company differentiates itself with a nationwide store footprint, integrated pharmacy and health services, and the ability to deliver convenience through online ordering and same-day pickup. Its goal is to provide convenient access to medications and health-related products while expanding personalized consumer services to improve everyday wellness.
Company Size
10,001+
Company Stage
Grant
Total Funding
$25M
Headquarters
Deerfield, Illinois
Founded
1901
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Cencora highlights specialty growth, MSO expansion and Walgreens ties at conference. Cencora (NYSE:COR) executives highlighted the company's specialty pharmaceutical positioning, medical specialty organization strategy and capital-allocation priorities during an investor conference discussion, while reaffirming the durability of its relationship with Walgreens. Chief Executive Officer Bob Mauch said Cencora's growth is being supported by pharmaceutical innovation, demographic trends and the company's long-standing investments in specialty distribution and related services. He described pharmaceuticals as a cost-effective healthcare intervention and said the company is positioned to help manufacturers bring complex products to market while supporting providers and patients. "What is the driver of that growth is really the positioning that we have within the specialty pharmaceutical market," Mauch said. "You have this amazing innovation that's happening in pharma." Mauch said the company has spent more than two decades investing, competing and building capabilities in specialty care. Those capabilities include specialty distribution, group purchasing organization services and medical specialty organizations, or MSOs. He said Cencora aims to provide support in the background so providers can focus on patient care. New CFO sees broad services platform. Chief Financial Officer Eva Boratto, who joined Cencora near the end of June, said her decision to return to healthcare followed a career spanning pharmaceutical manufacturer Merck, Medco and CVS Health. She said her prior experience with Medco gave her familiarity with Cencora because Medco had been among the company's largest customers at the time. Boratto said Cencora's strategy and role in the pharmaceutical market were key attractions. She also said the evolving regulatory environment required learning, but did not deter her from taking the position. "The strategy that Bob has put together is so clear," Boratto said. "The importance of the role that we will play in the pharmaceutical space just excites me every day." She said the finance organization has substantial depth of talent and noted the support she received during the transition from former CFO Jim Cleary. Boratto also said she had underestimated, in a positive sense, the breadth of Cencora's services beyond logistics and distribution. Those services support hospital accounts, corporate partners and pharmacy partners, she said, with the goal of enabling those customers to grow. MSOs expected to become more important. Mauch said Cencora expects its MSO business to remain a profitable and growing part of the company and to contribute to an improving business mix over time. The company's MSO strategy is focused on pharmaceutical-centric specialties, particularly retina and oncology, he said. He emphasized that Cencora does not participate in clinical decision-making and that physicians retain clinical autonomy. Instead, the company views MSOs as an extension of its efforts to support physician practices and patient access. The company expects to continue adding physicians and smaller practices to its existing MSO platforms, Mauch said. He cited activity at Retina Consultants of America, or RCA, and OneOncology, while noting these smaller additions are less likely to generate headlines than larger acquisitions. Boratto said management is evaluating how its disclosures should evolve as specialty and MSO operations become a larger and faster-growing part of the business. She said greater transparency could help investors better assess the company's growth opportunities and capital deployment. "As we head into 2027, it is something that is really top of mind for us," Boratto said of disclosure considerations. Clinical research support without owning a CRO. Mauch said Cencora sees clinical trial support as complementary to its specialty-focused strategy, particularly through its World Courier business and physician networks. World Courier provides global clinical logistics for trials involving complex therapies, including cell therapies and gene therapies, he said. Cencora also sees clinical research support within its MSO platforms as useful for patient care, patient access and physician recruitment, according to Mauch. However, he said the company does not see a need to acquire and operate a contract research organization, or CRO. "We like the way we are playing in this space," Mauch said. "I don't think that if we owned a CRO, that we would be a better site management organization or that we would be a better global logistics provider." Instead, the company intends to support CROs and pharmaceutical manufacturers in executing trials and enrolling patients, he said. Capital deployment and Walgreens relationship. On capital allocation, Boratto said Cencora's priorities remain unchanged. They include investing in the business, pursuing tuck-in acquisitions that enhance its existing portfolio, opportunistic share repurchases, dividend growth in line with earnings growth and maintaining a strong balance sheet. * Continue investing in core operations and MSO platforms. * Focus M&A on smaller tuck-in opportunities rather than pursuing new major adjacencies. * Use share repurchases opportunistically. * Grow the dividend consistently with earnings growth. Mauch said the company has deployed significant capital to its MSO strategy in recent years and remains focused on adding to those businesses rather than prioritizing a separate adjacency. Addressing recent attention surrounding Walgreens distribution activity, Mauch declined to discuss specific details but said such changes can occur in large customer relationships. He said Cencora continues to value its customer portfolio, including Walgreens, and pointed to the history and integration of the companies' relationship. Cencora has a U.S. contract with Walgreens through 2029 and an agreement with Boots in the United Kingdom through 2031, Mauch said. "We expect to continue to support them throughout that time," he said. About Cencora (NYSE:COR). Cencora, Inc (NYSE:COR) is a global healthcare company that provides pharmaceutical sourcing, distribution and related services. The company connects biopharmaceutical manufacturers with pharmacies, hospitals, health systems, physician practices and other healthcare providers, helping move prescription medicines and healthcare products through the supply chain. Cencora's operations include pharmaceutical distribution, specialty pharmaceutical services, manufacturer support and patient-centered solutions.
US pharma major Walgreens to establish its first-ever GCC in Chennai. The new centre, to come up at DLF Downtown in Tharamani. Updated - September 18, 2026 at 04:25 PM. On Friday, the company officials exchanged an MoU with Guidance Tamil Nadu in the presence of Chief Minister C Joseph Vijay and Industries Minister Keerthana Walgreens, the US-based healthcare and pharmacy company, will establish its first-ever Global Capability Centre (GCC) in Chennai. On Friday, the company officials exchanged an MoU with Guidance Tamil Nadu in the presence of Chief Minister C Joseph Vijay and Industries Minister Keerthana. The new centre, to come up at DLF Downtown in Tharamani, is expected to create more than 250 jobs in its first year, with additional expansion planned over the next several years. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
Walgreens to set up Global Capability Centre in Chennai, create over 250 jobs in first year. The proposed GCC will focus on technology and business services. Published - September 18, 2026 03:48 pm IST - CHENNAI The MoU was signed in the presence of CM C. Joseph Vijay and Industries Minister S. Keerthana | Photo Credit: Special Arrangement Tamil Nadu's growing Global Capability Centre (GCC) ecosystem continues to attract companies, with Walgreens, one of the leading healthcare and pharmacy companies in the U.S. setting up a new GCC in Chennai. An MoU regarding this was signed with Walgreens India Private Limited on Friday (September 18, 2026), in the presence of Chief Minister C. Joseph Vijay and Industries Minister S. Keerthana. The proposed GCC will focus on technology and business services and is expected to create more than 250 employment opportunities in its first year, with further expansion planned over the coming years. The centre will be located at DLF Downtown, Taramani, in Chennai's emerging GCC ecosystem. The investment comes on the heels of the State government announcing the Tamil Nadu Global Capability Centres Corridor and Development Programme in the Assembly recently, covering key employment corridors across Chennai and aimed at enabling the next generation of GCCs to establish, expand, and scale in the State. According to a statement, the centre will enable Walgreens to build critical technology and business capabilities from Chennai to support its enterprise operations, while creating high-value employment opportunities for the State's skilled workforce. Published - September 18, 2026 03:48 pm IST
US pharma giant Walgreens to set up GCC in Chennai. Walgreens expects to create over 250 high-value technology and operational jobs in its first year. By PTI. Updated - September 18, 2026 at 02:59 PM. Chennai, September 18 Tamil Nadu Chief Minister Vijay during a function where an MoU was signed with Walgreens India for setting up its first Global Capability Centre in India at DLF Downtown, Taramani, at Secretariat. (@CMOTamilnadu/X via PTI Photo) American pharmacy giant Walgreens India Private Ltd signed a Memorandum of Understanding (MoU) in the presence of Tamil Nadu Chief Minister C Joseph Vijay here on Friday to establish its first Global Capability Centre in India at Chennai. Following the conclusion of his official investment trip to the United Kingdom, Chief Minister Vijay returned to the Secretariat here today and resumed regular executive duties, chairing two high-level review meetings with senior officials and department heads. State Industries Minister S Keerthana and officials were present during the signing of the MoU. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.
Walgreens to set up GCC in Chennai. US healthcare company Walgreens will set up its Global Capability Centre (GCC) at DLF Downtown, Tharamani, adding to Chennai's emerging GCC ecosystem. An memorandum of understanding was signed on Friday with Walgreens India Private Ltd in the presence of Chief Minister C. Joseph Vijay. The proposed GCC will focus on technology and business services and is expected to create more than 250 employment opportunities in its first year, with further expansion planned over the coming years, according to a statement. The development also comes after the State government announced the Tamil Nadu Global Capability Centres Corridor and Development Programme in the Assembly, covering key employment corridors across Chennai and aimed at enabling the next generation of GCCs to establish, expand and scale in the State. The centre will enable Walgreens to build critical technology and business capabilities from Chennai to support its enterprise operations, while creating high-value employment opportunities for the State's skilled workforce, the statement said. Tamil Nadu is committed to building an ecosystem where global companies can invest, innovate, build capabilities and grow over the long term. The Walgreens partnership is another step in strengthening Chennai's position as a destination for high-value global capability centres and in taking Tamil Nadu's GCC ecosystem to the next level, the company said. Latest. September 18, 2026 September 17, 2026 Don't miss. September 18, 2026 September 17, 2026 ieeditor - September 18, 2026