Walgreens' VillageMD to Close All Clinics in Illinois

Walgreens’ VillageMD to Close All Clinics in Illinois


Walgreens‘ Village MD, free-standing clinics that offer virtual, home and office visits, will exit the Illinois market in April. VillageMD is majority owned by Walgreens Boots Alliance, and it has six clinics in the state. The clinics, five standalone and one co-located with a Walgreens store, are slated to close by April 19.

The Illinois closures follow market exits in Indiana and Florida this year and are part of Northbrook, Illinois-based Walgreens’ plan to cut at least $1 billion in costs, in part by pulling VillageMD from several markets and closing nearly 60 clinics.

The move to cut administrative costs comes as Walgreens has struggled with a revolving door of senior leadership. VillageMD operates 680 clinics in 26 markets, many of which are located alongside Walgreens stores. Walgreens bought a major stake in VillageMD for $5.2 billion in 2021.



Source link

Similar Posts