Becker's Healthcare October 22, 2024
In 2019, Walgreens opened its first primary care clinic, VillageMD, in Chicago. Throughout 2020, the pharmacy rapidly expanded VillageMD sites nationwide.
Now, several of the sites are shuttering as VillageMD pulls out of a number of key states, including Nevada, Illinois, Florida and Indiana.
The chain also recently sold 11 locations in Rhode Island to medical group management firm Arches Medical Partners.
As of June 2024, VillageMD operated 680 clinics majority-owned by Walgreens Boots Alliance, including 200 co-located with Walgreens and 170 third-party clinics at its stores.
In 2020, Walgreens invested $1 billion in VillageMD, investing an additional $5.2 billion in 2021, according to a briefing from Advisory Board.
At the time, Walgreens planned to expand...
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