Healthcare DIVE January 4, 2024
The pharmacy chain announced last quarter that it would exit clinics in underperforming markets as it focuses on driving profitability in its healthcare segment.
Dive Brief:
- Walgreens beat Wall Street expectations on earnings per share and revenue in its first quarter, as the pharmacy giant continues to push through “growing pains” amid its shift to healthcare services, according to CEO Tim Wentworth.
- The chain’s U.S. Healthcare segment posted sales of $1.9 billion compared with $989 million in the prior-year period, boosted by primary care chain VillageMD’s acquisition of Summit Health and growth in other business units. But the segment still reported a $96 million adjusted operating loss, compared with a $152 million loss last year.
- Walgreens is nearly...
Today's Sponsors
Today's Sponsor