Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Health and Wellness > Walgreens Edges Closer To Selling Stake In Clinic Operator VillageMD
Health and Wellness

Walgreens Edges Closer To Selling Stake In Clinic Operator VillageMD

Last updated: February 13, 2025 8:00 pm
Share
Walgreens Edges Closer To Selling Stake In Clinic Operator VillageMD
SHARE

Walgreens Boots Alliance is in the process of selling its stake in VillageMD, a doctor-staffed clinic operator that has proven to be a costly investment for the drugstore giant. The decision to divest from VillageMD comes after years of significant financial losses and a strategic shift towards more profitable ventures to revive the struggling drugstore chain.

To facilitate the sale, Walgreens has enlisted the expertise of investment banking firm Evercore and consulting firm Alvarez & Marsal as advisors. The company’s CEO, Tim Wentworth, has been vocal about the need to reduce the investment in VillageMD and focus on improving the overall financial health of the organization. Wentworth stated during a recent earnings call that the process of exiting VillageMD has already begun.

Under former CEO Roz Brewer, Walgreens made a substantial investment of over $6 billion in VillageMD to acquire a controlling stake in the company. However, the expansion of doctor practices and clinics attached to Walgreens has been scaled back significantly in light of ongoing challenges. Despite ambitious plans to open hundreds of primary care clinics under the “Village Medical at Walgreens” brand, the company has faced difficulties in attracting enough patients to fill their provider panels.

The financial impact of the VillageMD investment has been substantial, with Walgreens reporting operating losses exceeding $13 billion for the first nine months of fiscal 2024. A significant non-cash impairment charge related to VillageMD goodwill accounted for a substantial portion of these losses. In response to these challenges, VillageMD CEO Tim Barry departed the company, and Jim Murray took on the role of interim CEO.

See also  Trump administration to shutter 'failing' Miami organ donation group

As Walgreens navigates the process of selling its stake in VillageMD, the outcome remains uncertain. The company’s U.S. Healthcare segment, which includes VillageMD, urgent care provider CityMD, primary care provider Summit Health, and the CareCentrix home care business, saw improved sales performance in the first quarter. This growth contributed to a narrowing of operating losses in the segment compared to the previous year.

The decision to sell its stake in VillageMD reflects Walgreens’ commitment to reshaping its business strategy and focusing on initiatives that drive sustainable growth. By divesting from VillageMD and reallocating resources to more promising opportunities, Walgreens aims to strengthen its financial position and position itself for long-term success in the competitive healthcare industry.

TAGGED:CliniccloseredgesOperatorsellingstakeVillageMDWalgreens
Share This Article
Twitter Email Copy Link Print
Previous Article Humpback Whale Briefly Swallows Kayaker Off Chilean Coast Humpback Whale Briefly Swallows Kayaker Off Chilean Coast
Next Article President Trump Demands Fair, Reciprocal Trade – The White House President Trump Demands Fair, Reciprocal Trade – The White House
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

US man who hacked SEC’s X account to spike Bitcoin price sentenced to prison

Alabama Man Sentenced for Hacking SEC's Official Twitter Account Eric Council Jr., a 26-year-old from…

May 17, 2025

Clint Eastwood’s Daughter Sparks Concern With Budget Rant

In a recent fiery rant, Kathryn Eastwood, daughter of iconic actor Clint Eastwood, has once…

May 23, 2025

Elon Musk Censors Kanye West’s X Account After Posting Porn

Elon Musk Takes Action Against Kanye on X Following Explicit Content Posts Published February 10,…

February 10, 2025

Teaching assistant fired for flipping out at Turning Point USA event arrested for allegedly threatening to kill Trump

An Illinois State University teaching assistant has found himself in hot water after being fired…

October 30, 2025

Through Illuminated Compositions, Raúl de Nieves Transforms a Hall into a Bold Sanctuary

In a bold new exhibition, Raúl de Nieves amalgamates elements of Catholic iconography, Mexican folklore,…

September 24, 2025

You Might Also Like

Cigna Profits Hit Nearly  Billion Despite Rising Costs
Health and Wellness

Cigna Profits Hit Nearly $2 Billion Despite Rising Costs

October 30, 2025
For cardiac health, exercise benefits women more than men
Health and Wellness

For cardiac health, exercise benefits women more than men

October 30, 2025
Hydrogen gas found to play key role in supporting gut health
Health and Wellness

Hydrogen gas found to play key role in supporting gut health

October 30, 2025
Alignment Healthcare Reports Second Profitable Quarter By Taming Costs
Health and Wellness

Alignment Healthcare Reports Second Profitable Quarter By Taming Costs

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?