Healthcare DIVE October 14, 2021
Rebecca Pifer

Dive Brief:

  • Walgreens is doubling its ownership stake in value-based medical network VillageMD with an additional investment of $5.2 billion, the pharmacy chain said Thursday.
  • The major investment should accelerate the opening of 600 “Village Medical at Walgreens” primary care practices in more than 30 U.S. markets by 2025, and 1,000 by 2027. More than half of the clinics will be in medically underserved communities, according to the companies.
  • Walgreens expects the deal to close by the end of this year, pending regulatory approval. VillageMD, which will remain a standalone company with its own management and board, plans to conduct an IPO in 2022.

Dive Insight:

Walgreens first announced the partnership two and a half years ago with...

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Topics: Investments, Pharma, Pharma / Biotech, Primary care, Provider, Trends
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