Walgreens Ends Partnership With Theranos, Will Close Care Centers

Walgreens (WBA) - Get Report formally ended its relationship with Theranos...saying it will close all the care centers run by the blood-testing company. Controversy surrounding Theranos and its CEO, Elizabeth Holmes, started last year after reports suggested that its blood-testing device did not provide accurate results. Walgreens said in a statement that is was in the best interest for the customers to terminate the partnership. The decision comes after a number of test results were voided and the Centers for Medicare and Medicaid Services (CMS) - Get Report  rejected Theranos' plan of corrections. In a statement, Theranos said it was disappointed that Walgreen's had chosen to end the relationship, adding that it is working closely with government officials to ensure they comply with all federal regulations.

This article was written by a staff member of TheStreet.