SPI Digital Health: Rebalancing Act as Walgreens Scales Back its Physical Footprint

Published: November 10, 2023

The latest chapter in Walgreens’ primary care adventure is now being written, with news that the pharmacy giant is shutting almost 10% of the roughly 680 VillageMD health clinics it operates in the US. 

The decision is part of Walgreens’ aim to slash overall operating costs by at least $1B in fiscal 2024.  

The 60 VillageMD clinics, located at or adjacent to Walgreens pharmacies, will be axed in five markets that the company describes as ‘non-strategic’. Walgreens hasn’t revealed publicly where those five markets are. 

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