Healthcare Innovation June 27, 2024
‘We intend to remain an investor and partner,’ CEO Tim Wentworth said of the clinic venture that earlier this year required a massive write-off.
The leaders of Walgreens Boots Alliance Inc. are preparing to move on from at least some of their investment in primary care chain VillageMD, which plays a vital role in the company’s healthcare delivery strategy.
CEO Tim Wentworth, who took over Illinois-based Walgreens last fall, and his team are calling their plan to shrink their 53 percent stake in Village part of a simplification of their healthcare portfolio that itself is a piece of a broad strategic review. Speaking to analysts on a June 27 conference call discussing Walgreens’ fiscal third-quarter earnings, Wentworth said Walgreens’ leaders...
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