Walgreens is bulking up at a time of massive upheaval in the health care industry. The Affordable Care Act has provided coverage to millions of Americans who were previously uninsured, but it also has sparked a wave of consolidation. Hospitals are buying physician groups to expand their networks. Insurers want scale to spread their fixed costs over a larger pool of customers. Drugmakers want more volume because the costs of discovering the next blockbuster are enormous and increasing.
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