Reported 2 months ago
Walgreens Boots Alliance is exploring options for VillageMD, including a potential sale, amid significant cash requirements for the primary-care provider. VillageMD, which is central to Walgreens' strategy of diversifying beyond traditional pharmacy operations, plans to close many underperforming clinics to save costs. This move comes after Walgreens lowered its fiscal 2024 profit forecast, citing weak retail performance.
Source: YAHOO