PYMNTS.com February 12, 2025
Walgreens Boots Alliance-backed healthcare clinic chain VillageMD is reportedly working with advisers to explore a sale, restructuring or other options.
This move comes after Walgreens CEO Tim Wentworth said during a January earnings call that the company plans to divest VillageMD, Bloomberg reported Wednesday (Feb. 12).
A Walgreens spokesperson told Bloomberg that Walgreens “is continuing to work toward executing its stated goal of securing an endpoint for its investment in VillageMD, consistent with Walgreens’ turnaround strategy.”
The company bought a controlling stake in VillageMD for $5.2 billion in 2021 as it sought new sources of revenue beyond its pharmacy and front-of-store offerings, according to the report.
The Walgreens unit that includes the stake in the healthcare clinic chain booked an...
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