Becker's Healthcare April 8, 2024
Walgreens’ VillageMD has announced plans to exit the Illinois, Indiana, Florida and Nevada markets this year.
It has six clinics in Illinois, which are slated to close by April 19; 40 clinics in Florida, which closed in March; 12 clinics in Indiana, which closed earlier this year; and six clinics in Nevada, which will close by the end of the year.
In March, VillageMD also sold 11 clinics in Rhode Island to Boston-based management company Arches Medical Partners.
Walgreens bought a majority stake in the primary care company in 2021 for $5.2 billion, but it has since been devalued and is part of Walgreens’ strategy to cut $1 billion in costs this year.
In the second quarter...
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