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Walgreens Announces Investment Of An Additional $5.2B In VillageMD

By John F. Heerdink, Jr.

As per reports, Walgreen Boots Alliance (WBA) is to invest an additional $5.2B in VillageMD care providers as the pharmacy chain aims to expand primary healthcare services at its stores. The investment increases Walgreens’ stake in VillageMD to 63% from 30%, while the latter plans to go public next year. 

Last year in July, Walgreens had acquired a 30% stake in VillageMD after it partnered with the privately held company to open doctor clinics attached to its drugstores across the United States.

Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Walgreens Boots to invest $5.2 billion more in primary care provider VillageMD in Reuters)


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