Healthcare Innovation March 28, 2024
The primary care clinic chain is close to wrapping up an initiative to close 160 locations, or nearly a quarter of its network.
One step forward, one step back?
The leaders of Walgreens Boots Alliance Inc. on March 28 said the company’s U.S. healthcare services unit grew its pro forma sales 14 percent in the three months ended Feb. 29 and produced its first-ever quarter of positive adjusted EBITDA.
But they also announced that they’ve booked a $5.8 billion charge against profits because the financial performance of VillageMD, a key pillar of that healthcare portfolio, is now expected to be worse than before and because its peer clinic operators are being valued at lower multiples.
Walgreens invested more...
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