Forbes February 13, 2025
Walgreens Boots Alliance is getting closer to selling its stake in doctor-staffed clinic operator VillageMD, which has already cost the drugstore giant billions of dollars.
Walgreens is working with the investment banking firm Evercore and the consulting firm Alvarez & Marsal as advisors in the sale, several news outlets reported Thursday. Walgreens had no comment when reached Thursday afternoon.
Walgreens chief executive Tim Wentworth has said the company was looking to reduce its investment in VillageMD after billions of dollars in losses and the need to focus on more profitable ventures to turn around the drugstore chain. And in January of this year, Wentworth said the exit process from VillageMD had begun.
“We are underway with a sale process for...
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