Walgreens Will Open 160 Village Medical Clinics By Year’s End
Walgreens Boots Alliance may have greater than 160 of its doctor-staffed Village Medical clinics open … [+]
Walgreens and VillageMD
Walgreens Boots Alliance may have greater than 160 of its doctor-staffed Village Medical clinics open subsequent to drugstores by the top of this 12 months.
Executives at Walgreens, which final fall invested one other $5.2 billion in VillageMD to escalate the growth of doctor-staffed clinics throughout the U.S. beneath a brand new “Walgreens Well being” enterprise, advised analysts on its quarterly earnings call Thursday that 80 of its “Village Medical at Walgreens” facilities at the moment are open and the corporate has focused greater than 160 to be open by the top of 2022.
The $5.2 billion funding gave Walgreens a 63% stake in VillageMD forward of an preliminary public inventory providing the Chicago-based main care firm plans this 12 months. Walgreens beforehand had a 30% stake in VillageMD, a standalone firm that landed a $1 billion funding from the drugstore large in 2020.
Talking on the Forbes Healthcare Summit final month, Walgreens chief government officer Roz Brewer stated Walgreens finally may have 45% of the corporate’s 9,100 shops “that occur to be inside 5 miles of 75% of the properties throughout the USA – the place you may stroll in and see a main care doctor that’s hooked up to a Walgreens drugstore.”
“And also you come into this lovely foyer and there are eight examination rooms with two physicians and a employees,” Brewer stated on the Summit, a digital occasion. “And so they can do the testing that you simply want that day once they take a blood pattern or urinalysis and you may handle that proper within the constructing after which stroll over and get your script accomplished. That’s our purpose.”
