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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Walgreens Boots Alliance, Inc.    WBA

WALGREENS BOOTS ALLIANCE, INC.

(WBA)
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Walgreens : Completes First Phase of Mental Health First Aid Training for Pharmacists Focused on Health Outcomes

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05/20/2020 | 09:02am EDT

Specialized training developed along with National Council for Behavioral Health and American Pharmacists Association to soon be available industry-wide

With a sharply rising need for mental health resources since the onset of the COVID-19 pandemic, Walgreens today announced it has completed its first phase of training in Mental Health First Aid, administered by the National Council for Behavioral Health, for all of the company’s health outcomes pharmacists. The training initiative was first announced last May in conjunction with Mental Health Month in the U.S.

Mental Health First Aid trains participants in mental health literacy, understanding risk factors and warning signs for mental health and addiction concerns and strategies for how to help someone in both crisis and non-crisis situations. It is accredited by the Accreditation Council for Pharmacy Education.

These Walgreens pharmacists, whose role is focused on improving patient outcomes and medication adherence, are also the first to complete the specialized training developed through a unique collaboration between Walgreens, National Council for Behavioral Health and the American Pharmacists Association.

“Every day, in communities across America, our pharmacists are talking with patients with a wide range of conditions, including mental health,” said Rina Shah, Walgreens group vice president, specialty and retail pharmacy operations. “With the prevalence and rise of incidents of depression, anxiety, addiction, PTSD and others, specialized training can be key to identifying warning signs, and working with other providers, even finding gaps in care or treatment. We’ve long believed pharmacists can play an even greater role as part of patient’s care teams, and we’re proud to be at the forefront of our industry expanding our efforts in the area of mental health to help meet this growing need.”

Today’s announcement comes as many mental health centers and providers across the U.S. report greater patient demand. Mental Health America has seen significant increases in the number of daily screenings completed for depression (64 percent) and anxiety (70 percent) from January through April 2020. And a recent Primary Care Collaborative study1 cites 74 percent of clinicians surveyed saying they expect to see a surge in patients with mental health needs coming out of the pandemic.

“Mental Health First Aid training is more essential than ever, as our country risks a wave of mental illness in the wake of the tragic COVID-19 pandemic,” said National Council for Behavioral Health President and CEO Chuck Ingoglia. “We are extremely gratified that these Walgreens pharmacists have received this important training and have the capacity to provide vital assistance and counseling when demand for Mental Health First Aid is expected to reach historic levels.”

Walgreens spearheaded the collaboration and training initiative in 2019, and recognizing it could benefit the industry at large, the pharmacist training will become available to any pharmacist industry-wide this summer, along with the opportunity to earn continuing education credits through APhA.

“The COVID-19 pandemic has heightened what was already a pressing need for pharmacy personnel: increasing their awareness of acute mental health issues and equipping them with tools to help direct patients to the mental health resources they need,” said Scott J. Knoer, PharmD, MS, APhA CEO/EVP Designate. “We are grateful to Walgreens for its partnership in granting profession-wide distribution of this much-needed training program.”

Mental Health First Aid and the Workplace

Also as part of the collaboration between Walgreens and the National Council, and furthering Walgreens’ commitment to workplace mental health and wellness, Walgreens recently completed its initial phase of Mental Health First Aid training with 65 team members in the company’s human resources department.

For team members, Walgreens offers a wide variety of services through its free employee assistance program, including an allotment of behavioral health visits available at no cost for team members and their families. All Walgreens-sponsored medical and prescription drug plans also include comprehensive mental health care for eligible employees.

About Walgreens

Walgreens (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), a global leader in retail and wholesale pharmacy. Walgreens is proud to be a neighborhood health, beauty and retail destination supporting communities across the country, and was named to FORTUNE* magazine’s 2019 Companies that Change the World list. Approximately 8 million customers interact with Walgreens in stores and online each day. As of August 31, 2019, Walgreens operates 9,277 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, along with its omnichannel business, Walgreens.com. Walgreens also provides specialty pharmacy and mail services and offers in-store clinics and other health care services throughout the United States, most of which are operated by our health care strategic partners.

1 Primary Care & COVID-19 https://www.pcpcc.org/2020/04/08/primary-care-covid-19-week-4-survey


© Business Wire 2020
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Financials (USD)
Sales 2020 139 B - -
Net income 2020 639 M - -
Net Debt 2020 15 288 M - -
P/E ratio 2020 56,0x
Yield 2020 4,65%
Capitalization 34 765 M 34 765 M -
EV / Sales 2019
EV / Sales 2020 0,36x
Nbr of Employees 287 000
Free-Float 62,3%
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Walgreens Boots Alliance,  Technical Analysis Chart | WBA | US9314271084 | MarketScreener
Technical analysis trends WALGREENS BOOTS ALLIANCE,
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 23
Average target price 43,58 $
Last Close Price 40,12 $
Spread / Highest target 19,6%
Spread / Average Target 8,62%
Spread / Lowest Target -7,78%
EPS Revisions
Managers
NameTitle
Stefano Pessina Executive Vice Chairman & Chief Executive Officer
James A. Skinner Executive Chairman
Ornella Barra Co-Chief Operating Officer
Alexander W. Gourlay Co-Chief Operating Officer
James Kehoe Global Chief Financial Officer & Executive VP
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