How Walgreens’ John Driscoll Plans to Make VillageMD Profitable

Walgreens has invested billions of dollars into healthcare services such as primary care provider VillageMD, specialty pharmacy Shields Health Solutions and home care company CareCentrix. But promised returns, particularly from VillageMD, have proved elusive. The healthcare segment reported a $436 million operating loss in the first quarter of Walgreens’ fiscal 2024, flat with a year ago. Under heavy scrutiny from analysts and investors, Walgreens executives know the healthcare services division needs to deliver—and soon. John Driscoll, Walgreens’ U.S. healthcare president, is tasked with making the division a success. In an interview, he said 2024 will be a rebuilding year for VillageMD, as the provider modifies its expansion plans and looks to reach profitability on a quarterly basis by 2025.

Read the full article: How Walgreens’ John Driscoll Plans to Make VillageMD Profitable //

Source: https://www.modernhealthcare.com/finance/walgreens-john-driscoll-villagemd-profitable

Leave a Comment

Your email address will not be published.

Scroll to Top