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Walgreens Doubles VillageMD Share with $5.2B Investment
Deerfield, IL-based Walgreens Boots Alliance (WBA) and VillageMD said Thursday that WBA has agreed to make an additional investment in VillageMD to advance its strategic position in the delivery of value-based primary care.
The $5.2-billion investment will accelerate the opening of at least 600 Village Medical at Walgreens primary care practices in more than 30 U.S. markets by 2025 and 1,000 by 2027, with more than half of those practices in medically underserved communities.
Walgreens’ partnership with VillageMD will lead to a significant increase in access to primary care in underserved urban and rural communities. The company says more than 75% of Americans live within five miles of a Walgreens.
The investment increases WBA’s ownership stake in VillageMD from 30% to 63%. VillageMD remains a standalone company, with its own board and management, and the company plans to conduct an IPO in 2022.
- ◦Sale/Acquisition

