Walgreens Boots Alliance has officially become a private company, with private equity firm Sycamore Partners announcing Thursday morning that it’s completed its acquisition of the Deerfield-based retail pharmacy giant.

The acquisition follows an announcement in March that Sycamore would buy the company for about $10 billion. Sycamore is a New York-based private-equity firm specializing in retail, consumer and distribution-related investments.

Under the deal, Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD will operate as separate, standalone companies.

A new CEO has been appointed to lead Walgreens. Mike Motz will serve as CEO of Walgreens effective immediately, replacing former CEO Tim Wentworth, who will continue to serve as an ongoing director. Motz

See Full Page