Becker's Healthcare August 9, 2024
Walgreens could sell off its stake in primary care chain VillageMD — which it acquired in 2021 in a $5.2 billion deal — according to an Aug. 7 Securities and Exchange Commission filing.
Here are five things to know:
1. Walgreens is “currently evaluating a variety of options with respect to VillageMD in light of ongoing investments by the company in VillageMD’s businesses and VillageMD’s substantial ongoing and expected future cash requirement,” the filing said, adding that the options could include sale of “all or part” of VillageMD, as well as possible restructuring options.
2. In the second fiscal quarter of 2024, Walgreens saw a $5.8 billion loss because of an investment devaluation in the primary care clinic...
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