Walgreens and Microsoft partner to develop digital healthcare services
Reuters
Published Jan 15, 2019 10:39AM ET
Walgreens and Microsoft partner to develop digital healthcare services
(Reuters) - Drugstore chain Walgreens Boots Alliance (NASDAQ:WBA) Inc and Microsoft Corp (NASDAQ:MSFT) said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices.
As a part of the deal, the companies will focus on virtually connecting people with Walgreens stores and provide services on therapeutic areas ranging from preventative self-care to chronic disease management.
Early last year, Amazon.com Inc (NASDAQ:AMZN), Berkshire Hathaway (NYSE:BRKa) Inc and JPMorgan Chase & Co (NYSE:JPM) had said they will form a company that could eventually negotiate directly with drugmakers and healthcare providers and use their vast databases to get a better handle on costs.
Walgreens and Microsoft will also develop healthcare solutions to reduce emergency room visits and decrease hospital readmissions while lowering the cost of care, the companies said.
The drugstore chain said it will pilot up to 12 stores, which will sell select healthcare-related devices, in 2019.
Microsoft will become Walgreens' cloud provider through the agreement and the Microsoft 365 software will be rolled out to more than 380,000 Walgreens employees and stores globally.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.