Walgreens’ decision to close dozens of VillageMD primary care clinics attached to its stores has left some industry watchers questioning whether the pharmacy chain’s strategy is viable. VillageMD on Wednesday confirmed plans to exit the Florida market, with clinics in the Tampa and Orlando areas set to close March 15. All of the affected clinics are attached to Walgreens stores, a model executives had touted as a way to encourage better collaboration between physicians and pharmacists. The convenience of locating a medical office right next to a pharmacy was also viewed as a selling point for patients. “They’re moving away from that strategy, even though they’re not moving away from Village,” said Brian Tanquilut, managing director of healthcare services equity research at investment banking firm Jefferies.
Read the full article: Walgreens-Backed VillageMD Rethinks Its Strategy //
Source: https://www.modernhealthcare.com/providers/villagemd-village-medical-clinic-closings-walgreens-primary-care