Aspen Dental
Healthcare & MedicalHigh yield · S&P B-
Healthcare & Medical
Walgreens
Parent: Walgreen Co. (Sycamore Partners) · PE-owned since August 2025
Credit ratingNot rated
AAAAAABBBBBBCCCD
No verified agency rating.
HeadquartersDeerfield, IllinoisHealthcare & Medical
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Under Sycamore ownership, scaled back U.S. store closures to fewer than 100 expected in 2026, versus the earlier multi-year plan for about 1,200 closures.
Source: Chain Drug ReviewUnder Sycamore, Walgreens scaled back planned 2026 closures to fewer than 100 stores, from roughly 700 previously expected.
Source: Chain Drug ReviewCompleted take-private by Sycamore Partners; Walgreen Co. now operates as a private standalone company.
Source: Walgreens
Walgreens operates retail pharmacies across the United States. Sycamore Partners took Walgreens Boots Alliance private in August 2025, and the company’s public credit ratings were withdrawn afterward.
Store count
8,000 as of 2026
-2.9%/yr annualized over 2.3 yrs (Aug 2024 to Dec 2026)U.S. retail pharmacy segment locations (2018 jump reflects the Rite Aid store purchase). Counts as reported at each period end. Sources: Walgreens Boots Alliance 10-K filings (U.S. Retail Pharmacy segment locations at fiscal year end); Chain Drug Review (company footprint after Sycamore take-private).
Ownership history
- 2025
Walgreens Boots Alliance taken private by Sycamore Partners Source: Wikipedia: Walgreens Boots Alliance
SEC Filings
Filings from when Walgreen Co. was public. Ownership now: PE-owned since August 2025. All filings on EDGAR
| Period | Form | Filed | Document |
|---|---|---|---|
| Fiscal year ended Aug. 31, 2024 | 10-K | Oct. 15, 2024 | View on sec.gov |
| Fiscal year ended Aug. 31, 2023 | 10-K | Oct. 12, 2023 | View on sec.gov |
| Fiscal year ended Aug. 31, 2022 | 10-K | Oct. 13, 2022 | View on sec.gov |
| Fiscal year ended Aug. 31, 2021 | 10-K | Oct. 14, 2021 | View on sec.gov |
| Latest quarter, period ended May 31, 2025 | 10-Q | June 26, 2025 | View on sec.gov |
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| S&P Global | Not rated | Withdrawn Sept. 17, 2025 | S&P Global Ratings | |
| Moody’s | Not rated | Withdrawn after the 2025 take-private | Moody’s Ratings |
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
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