Pharmacy chain Walgreens Boots Allianceis considering an acquisition of healthcare IT firm Evolent Health, Bloomberg reports, citing people familiar with the matter.
Shares of Arlington, Virginia-based Evolent rose as much as 18% after the report, before paring some gains to trade up nearly 9%.
The talks are ongoing and there is no certainty Walgreens will move forward with an offer to buy the company. Read more.
