Healthcare DIVE March 21, 2024
Emily Olsen

The sale comes as the pharmacy chain culls VillageMD clinics, including in Florida and Illinois.

Dive Brief:

  • Walgreens-backed VillageMD sold 11 locations in Rhode Island to Boston-based medical group management firm Arches Medical Partners for an undisclosed sum, Arches said Wednesday.
  • The practices, which include about 75,000 patients, joined Arches on March 2, according to VillageMD’s website.
  • The deal follows VillageMD clinic closures. The primary care chain recently exited Florida — once one of chain’s largest markets — and plans to withdraw from its home state in Illinois next month.

Dive Insight:

Walgreens has been shedding VillageMD locations as it focuses on reaching profitability in its U.S. Healthcare division, which includes the primary care chain as well...

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Topics: Mergers & Acquisitions / JV, Primary care, Provider, Trends
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