Becker's Healthcare July 15, 2024
In June, Walgreens announced plans to reduce its stake in primary care clinic chain VillageMD and to shutter underperforming stores in the next few years.
Here are seven things to know:
1. Walgreens will soon no longer be VillageMD’s majority owner, Walgreens Boots Alliance CEO Tim Wentworth said in a June 27 earnings call.
2. Mr. Wentworth added in the call that the shift comes amid changing customer demographics and preferences. He also said 75% of the company’s roughly 8,600 stores are responsible for nearly all of its retail profits.
3. Walgreens Boots Alliance became the majority owner of VillageMD...
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