Walgreens Boots Alliance, Inc. (NasdaqGS:WBA) will look for mergers and acquisitions (M&A). Chief Financial Officer, James Kehoe said, “As we look at our capital allocation priorities, we expect to see a healthy balance of organic investments and strategic M&A. We remain committed to a growing dividend and returning excess cash to shareholders. And finally, we are very focused on optimizing our attractive portfolio of equity investments.

We will assess M&A with an operational and financial lens. While we continue to seek attractive returns, ultimately, we will prioritize quality healthcare assets that accelerate growth and enhance capabilities or talent. Nothing new on our leverage goals.

We will continue to target solid investment-grade, however, we may temporarily flex upwards for the right strategic acquisition”.