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February 25, 2024
Walgreens to close VillageMD clinics in Florida
Healthcare Dive
|
Contributed by: Bill Russell
Summary
Walgreens closing remaining VillageMD clinics in Florida, continues cost-cutting. VillageMD, exiting Florida—one of largest markets—lacks doctors, patients in smaller clinics. Despite $5.2 billion investment, U.S. Healthcare struggles to profit. In cost-cutting, Walgreens shuts 60 VillageMD clinics, 450 retail locations; layoffs. Company's stock drops 41% since January 2023. Walgreens explores selling specialty pharmacy Shields Health Solutions. Leadership turnover and opioid epidemic liabilities add to woes.
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