The answer to this question depends on the interpretation of the term “owned.” According to Walgreens, PharMerica is not owned by the company.
“PharMerica is a wholly-owned subsidiary of Walgreens, and is a leading pharmacy benefit management company (PBM) serving employers, health plans, pharmacy benefit managers and consumers in the United States,” a Walgreens spokesperson said in a statement.
However, some analysts believe that Walgreens does have a controlling stake in PharMerica. In a report from The Wall Street Journal, analysts at Jefferies LLC said that Walgreens has a 36 percent stake in PharMerica and that the company could gain an additional 10 percent stake if PharMerica achieves certain performance goals.
If Walgreens has a controlling stake in PharMerica, then the company would be considered to be owned by Walgreens.