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Becker's Healthcare June 27, 2024
Walgreens plans to reduce its stake in primary care clinic chain VillageMD.
In a June 27 earnings call, Walgreens Boots Alliance CEO Tim Wentworth said the company will no longer be VillageMD’s majority owner. The decision comes after the company said it would close 60 VillageMD sites in 2023 in a bid to cut at least $1 billion in costs.
Walgreens Boots Alliance became the majority owner of VillageMD in 2021...
