April 29, 2025 · US Senate / Warren letter to Sycamore

Senator Elizabeth Warren wrote formally to Sycamore Partners on April 29, 2025 warning that the $10B leveraged Walgreens buyout ‘may lead to pharmacy closures, lost jobs in Massachusetts, [and] limit access to medication.’ The Private Equity Stakeholder Project (PESP) had previously concluded that ‘the heightened risk of bankruptcy threatens job security for workers, disrupts services for consumers and patients, and creates ripple effects across local economies.’ Walgreens entered the deal with 1,200 store closures already underway.

Source: https://www.warren.senate.gov/newsroom/press-releases/warren-warns-walgreens-buyout-by-private-equity-may-lead-to-pharmacy-closures-lost-jobs-in-massachusetts-limit-access-to-medication