Walgreens considering full sale of VillageMD

Walgreens is considering fully selling its stake in the unprofitable primary care chain VillageMD, reversing its previous commitment to expanding healthcare services. The company had invested over $6 billion in VillageMD, but persistent unprofitability and significant cash requirements prompted Walgreens to explore various strategic options, including a full divestiture. Despite efforts to restructure and close some VillageMD centers, the chain has not repaid its debts, leading to a forbearance agreement. This move aligns with Walgreens' broader strategy to streamline operations, which includes shedding other healthcare assets and closing underperforming stores amid a significant decline in stock value.

Opens on Healthcare Dive