Healthcare DIVE December 2, 2024
Barry has left VillageMD during a difficult time for the value-based medical group, which has dragged down the finances of majority owner Walgreens.
Dive Brief:
- VillageMD CEO and co-founder Tim Barry has left the value-based primary care chain that’s proved a major drain on majority owner Walgreens’ finances, losing it billions of dollars to date.
- Barry has “stepped down as CEO and Board Chair,” a spokesperson for VillageMD confirmed.
- VillageMD’s chief operations officer Jim Murray, a long-time insurance executive who joined VillageMD this spring, is replacing Barry on an interim basis, the spokesperson said.
Dive Insight:
VillageMD spokesperson Molly Lynch did not provide details on why Barry is leaving VillageMD. But along with his departure, “VillageMD reaffirms its...