Walgreens Boots Alliance has plans to invest $5.2 billion in VillageMD to advance its strategic position in the delivery of value-based primary care, a $1 trillion, fast-growing segment of the healthcare system.
The investment is expected to accelerate the opening of at least 600 Village Medicals at Walgreens’ primary-care practices in more than 30 U.S. markets by 2025 and at least 1,000 by 2027. More than half of those practices will be 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. More than 75 percent of Americans live within five miles of a Walgreens.
The investment increases WBA’s ownership stake in VillageMD to 63 percent from 30 percent.
Through its partnership with VillageMD, Walgreens is one of the first national pharmacy chains to offer full-service, primary-care practices with primary-care physicians and pharmaci
