Walgreens considers selling entire stake in VillageMD due to significant financial losses.

Walgreens Boots Alliance is considering selling its entire stake in VillageMD due to significant financial losses. The company invested over $6bn in the doctor-staffed clinic operator and initially planned to open 500-700 "Village Medical at Walgreens" clinics, but has scaled back to less than 90 locations. Walgreens' total operating loss for the first nine months of fiscal 2024 reached $13.1bn, partly due to a $12.4bn non-cash impairment charge related to VillageMD goodwill.

August 07, 2024
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