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The non-nullable type is 'String' within parent type 'Content'","path":["readnext","contents",5,"uri"],"extensions":{"classification":"NullValueInNonNullableField"}}],"data":{"articleData":{"uri":"/2018/11/21/walgreens-humana-looking-to-strengthen-ties/","canonicalUrl":"https://www.benefitspro.com/2018/11/21/walgreens-humana-looking-to-strengthen-ties/","generatedId":"hef45kglji","naturalId":"blogAndPostId/blog/post/412-73865","type":"ARTICLE","postFormat":null,"kickerPresentedBy":null,"breadcrumb":[],"presentedBy":"","title":"Walgreens, Humana looking to strengthen ties","readtime":"3","timeToRead":"3 minute","prettyModified":"","prettyDateTime":"November 21, 2018 at 10:19 AM","needToKnow":[],"byline":"Drew Armstrong","showDisclaimer":false,"authors":[{"name":"Drew Armstrong","description":"","imageLarge":"https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g","webUrl":"/author/profile/drew-armstrong/"}],"publication":"BenefitsPro","kicker":"News","kickerNode":[{"name":"News","slug":"news-kicker","uri":"/news/","sectionName":"News"}],"prettyDate":"November 21, 2018","pubDate":"2018-11-21 10:19:49:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":["licensed-from-bloomberg"],"image":{"uri":"https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/07/Walgreens.jpg","width":"600","height":"400","alt":""},"embed1":"","embed2":"","summary":"The companies have held discussions about a variety of joint ventures, including expanding their partnership serving older people.","categories":[{"name":"Core and Group Health","uri":"/benefits-broker/core-group-health/","channelName":"Benefits Broker"},{"name":"Health Care Reform","uri":"/benefits-broker/health-care-reform/","channelName":"Benefits Broker"},{"name":"Cost-Containment","uri":"/benefits-manager/cost-containment/","channelName":"Benefits Manager"}],"bodyArray":["<p><figure id=\"attachment_68440\" align=\"alignnone\" width=\"600\" xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><img class=\"size-full wp-image-68440\" src=\"https://images.benefitspro.com/cdn-cgi/image/format=auto,fit=contain/https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/07/Walgreens.jpg\" alt=\"Walgreens\" width=\"600\" height=\"400\"/> In recent months, Walgreens has announced several partnerships including with grocer Kroger Co. and the medical-testing company Laboratory Corporation of America Holdings. (Photo: Shutterstock)</figure> <p>Drugstore chain Walgreens Boots Alliance Inc. and insurer Humana Inc. are in early talks about taking equity stakes in each other, the Wall Street Journal reported.</p>","<p>Shares of the companies pared earlier losses after the report late Tuesday. Humana finished the day down 1 percent, after earlier falling as much as 3.5 percent. Walgreens closed down 2.6, after earlier losing as much as 4.4 percent.</p>","<p><figure id=\"attachment_68677\" align=\"alignleft\" width=\"150\" xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><img class=\"size-thumbnail wp-image-68677\" src=\"https://images.benefitspro.com/cdn-cgi/image/format=auto,fit=contain/https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/08/0818-Mergers-Animated-MI-150x150.gif\" alt=\"\" width=\"150\" height=\"150\"/> <strong>Related: <a href=\"https://www.benefitspro.com/sites/benefitspro/2018/07/30/how-broker-consolidation-and-industry-alliances-are-changing-the-industry/\" target=\"_blank\">How broker consolidation and industry alliances are changing the industry</a></strong></figure> <p>The companies have held discussions about a variety of <a href=\"https://www.benefitspro.com/sites/benefitspro/2018/02/14/walgreens-surveys-health-care-landscape-in-the-face-of-amazon-threat/\" target=\"_blank\">joint ventures</a>, the Journal reported, including expanding their partnership <a href=\"https://www.benefitspro.com/sites/benefitspro/2018/06/25/walgreens-humana-team-up-on-senior-health-care/\" target=\"_blank\">serving older people</a>. The paper cited people familiar with the matter without identifying them.</p>","<div class=\"paywall-content\"><p>Walgreens declined to comment. A representative for Humana didn't respond to a request for comment.</p>","<p>Walgreens Chief Executive Officer Stefano Pessina has had a longstanding interest in expanding Walgreens' business. In recent months the company has announced several partnerships including with grocer Kroger Co. and the medical-testing company Laboratory Corporation of America Holdings. Its rival CVS Health Corp. is merging with insurer Aetna Inc. in a tie-up meant to provide vertically integrated health-care services.</p>","<p>“We should have bought an insurance company four years ago when our multiple was was higher than their multiple,” said during an interview at Bloomberg's offices last month.</p>","<p>Walgreens currently owns 26 percent of drug distributor AmerisourceBergen Corp., and the Wall Street Journal reported earlier this year that it had held talks to buy the portion that it doesn't already own.</p>","<p>During the October interview, Pessina didn't rule out this possibility of a deal between the two at the right price.</p>","<p>“It is something that could happen at a certain point, maybe yes, maybe no,” Pessina said at the time. There was no rush to do so, however, because “we control them strategically.”</p>","<p>AmerisourceBergen shares closed down 2.1 percent.</p>","<p><em><strong>Read more: </strong></em></p><ul xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"> <li><strong><a href=\"https://www.benefitspro.com/sites/benefitspro/2018/10/10/cvs-aenta-deal-gets-green-light-from-doj/\" target=\"_blank\">CVS-Aetna deal gets green light from DOJ</a></strong></li><li><strong><a href=\"https://www.benefitspro.com/sites/benefitspro/2018/09/21/now-comes-the-hard-part-for-cigna-express-scripts-pbm-reform/\" target=\"_blank\">Now comes the hard part for Cigna-Express Scripts: PBM reform</a></strong></li><li><strong><a href=\"https://www.benefitspro.com/sites/benefitspro/2018/07/17/walmart-taps-former-humana-exec-for-health-care-business/\" target=\"_blank\">Walmart taps former Humana exec for health care business</a></strong></li></ul><p>Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p></div>"],"slides":[],"video":null},"articlePackages":[],"youmightlike":[{"uri":"/2024/11/06/what-the-election-results-mean-for-employer-health-plans/","title":"What the election results mean for employer health plans","byline":"Allison Bell","prettyDate":"November 06, 2024","readtime":"5","image":{"uri":"https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/08/2024-8-20-green-numbers-crystal-ball-104239992_Thinkstock_620x372.jpg","width":"620","height":"372"},"summary":"Some large health insurers have backed federal efforts to crack down on potential rivals to fully insured group health insurance, but the Trump administration seems likely to end efforts to restrict the major medical insurance alternatives."},{"uri":"/2024/11/06/why-we-need-to-make-navigating-health-care-as-simple-as-buying-a-new-tv/","title":"Why we need to make navigating health care as simple as buying a new TV","byline":"Jeff Jacques","prettyDate":"November 06, 2024","readtime":"6","image":{"uri":"https://images.benefitspro.com/contrib/content/uploads/sites/412/2024/11/switching-channels-on-TV-set-with-remote-control-Article-202411061144.jpg","width":"620","height":"372"},"summary":"People need a more user-friendly way to navigate the complex health care system. 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