Walgreens Boots Alliance is being sold but the buyer isn’t interested in VillageMD, which leaves the primary care provider’s future murky. It remains uncertain, given its losses and the wobbly track record other retailers have had in trying their hand at healthcare services, who might emerge as a buyer for VillageMD and what a transaction might look like. The company invested $5.2 billion in 2021 to take a majority stake in VillageMD, with plans to roll out hundreds of clinics. The retail pharmacy chain then supported VillageMD’s $8.9 billion acquisition of Summit Health/CityMD in 2023. However, it wasn’t long before the losses began piling up.
Read the full article: Walgreens-Sycamore Deal Means Uncertainty for VillageMD //
Source: https://www.modernhealthcare.com/providers/walgreens-sycamore-deal-villagemd