Walgreens Terminates Relationship with Theranos; Will Be Closing Operations at All 40 Theranos Wellness Centers in Arizona

Theranos laboratory testing services will no longer be offered
through any Walgreens locations

DEERFIELD, Ill.–(BUSINESS WIRE)–Walgreens today announced that it has informed Theranos that it will be
terminating its relationship and closing operations at all 40 Theranos
Wellness Centers at its stores in Arizona, effective immediately. This
follows the company’s decision in January to halt Theranos laboratory
testing services at its Palo Alto, Calif., location, and means Walgreens
will no longer offer Theranos services at any of its stores.

Walgreens said it will be working over the next several days to help
transition customers.

“In light of the voiding of a number of test results, and as the Centers
for Medicare and Medicaid Services (CMS) has rejected Theranos’ plan of
correction and considers sanctions, we have carefully considered our
relationship with Theranos and believe it is in our customers’ best
interests to terminate our partnership,” said Brad Fluegel, Walgreens
Senior Vice President and Chief Health Care Commercial Market
Development Officer.

In January, Walgreens informed Theranos that it must immediately cease
sending clinical laboratory tests provided through its Wellness Centers
at Walgreens to the Theranos lab in Newark, Calif., which has been the
subject of ongoing CMS review.

At the same time, Walgreens also informed Theranos that tests collected
at its Wellness Centers at Walgreens stores in Arizona must be sent only
to Theranos’ certified lab in the Phoenix area or to an accredited
third-party lab for analysis. No patient samples were to be sent to the
Newark lab until all issues raised by CMS have been fully resolved.

About Walgreens

Walgreens (www.walgreens.com),
one of the nation’s largest drugstore chains, is included in the Retail
Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA),
the first global pharmacy-led, health and wellbeing enterprise. More
than 8 million customers interact with Walgreens each day in communities
across America, using the most convenient, multichannel access to
consumer goods and services and trusted, cost-effective pharmacy, health
and wellness services and advice. Walgreens operates 8,173 drugstores
with a presence in all 50 states, the District of Columbia, Puerto Rico
and the U.S. Virgin Islands. Walgreens digital business includes
Walgreens.com, drugstore.com, Beauty.com and VisionDirect.com. More than
400 Walgreens stores offer Healthcare Clinic or other provider retail
clinic services.


Michael Polzin, 847-315-2920