Fierce Healthcare September 21, 2023
By Noah Tong
CHICAGO—Despite a recent leadership shakeup and sub-par third quarter financial results, Walgreens’ executives maintain that its transformation from a retail store to a full-blown healthcare company is the correct long-term strategy.
In a bid to expand its brand image, Walgreens has utilized its relationship with VillageMD, which is majority-owned by Walgreens Boots Alliance, to wade further into the provider space, purchasing medical practice Summit Health for
$9 billion in November and entering into a strategic partnership with value-based care
Pearl Health earlier this month. The pharmacy giant hopes to be a one-stop shop for customers looking for primary care and easy pickup of prescription drugs, though it has run into trouble in recent months...
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