Walgreens reduces ownership of Option Care

Walgreens Boots Alliance has sold 15.5 million shares of infusion services company Option Care Health at $30.75 per share.

The transaction reduced Walgreen's ownership in Option Care Health, formerly known as Walgreens Infusion Services, from 14 percent to six percent, according to a March 1 Walgreens news release. 

The retail pharmacy giant intends to use the proceeds from the transaction to pay down its debt.

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