Healthcare Innovation October 12, 2023
The company’s executives are looking for their $8B+ healthcare services group to break even on an EBITDA basis this fiscal year
Walgreens Boots Alliance Inc. executives will close about 9 percent of their VillageMD clinics and trim $600 million in capital spending in the coming year as part of broader plan to get its financial performance back on track.
Details of the spending cuts came a day after Illinois-based Walgreens Boots announced the hiring of Tim Wentworth to be its next CEO, effective later this month. Wentworth was the founding CEO of Cigna’s Evernorth health services unit, which he led until December 2021. Before that, he was president and CEO of Express Scripts. He will step into the CEO seat...
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