Walgreens Invests $5.2 Billion in VillageMD

Walgreens Boots Alliance (Deerfield, Ill.) has made a $5.2 billion investment in VillageMD to advance its strategic position in the delivery of value-based primary care, according to a press release. Considered the fastest-growing segment of healthcare, the market is valued at $1 trillion.

“The best healthcare is deeply rooted in local communities, and Walgreens is committed to expanding convenient access to high-quality and affordable healthcare services to our patients and customers in our neighborhood locations,” said Roz Brewer, CEO, Walgreens Boots Alliance.

The investment will hasten the opening of 600 Village Medical at Walgreens primary care practices in more than 30 U.S. markets by 2025 and 1,000 by 2027. More than half of those practices will be opened in medically underserved communities.