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Walgreen ... yet to take final decision.

Madison offers to buy drugstore chain Walgreen for $1bn

NEW YORK, December 27, 2014

Buyout firm Madison Dearborn Partners is in advanced talks to acquire a majority stake in the infusion services business of US drugstore chain operator Walgreen for more than $1 billion, according to two people close to the situation.

Madison Dearborn has so far prevailed over other private equity firms in the auction for the unit, which is the largest US provider of home-infusion services, the people said on Friday.

Walgreen may decide not to sell if Madison Dearborn does not meet its price expectations, the sources, who asked not to be identified because the negotiations are confidential, cautioned.

Walgreen and Madison Dearborn both declined to comment.

With a staff of more than 1,600 clinicians, the unit for sale offers infusion services at home and at care centres across the US. Its infusion therapies are used for medical conditions such as bleeding disorders and serious infections.

A deal for the infusion services unit of Walgreen would come after rival CVS Health Corp acquired Coram, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group, for about $2.1 billion last January.-Reuters




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