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Walgreens-Backed Primary Healthcare Provider, VillageMD Prepares For IPO

By John F. Heerdink, Jr.

As per reports, VillageMD, backed by Walgreen Boots Alliance (WBA) is preparing to go public in the U.S. in an IPO. Founded in 2013, VillageMD, a primary healthcare provider plans to raise more than $500 million in a listing that is expected to happen in the third quarter. The IPO could raise as much as $1 billion and value the company at up to $10 billion, as per sources.

VillageMD clinics operate under the brand name Village Medical. Some of its offices are also located inside Walgreens stores under a partnership. VillageMD representative didn’t immediately respond to a request for comment.

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-Backed VillageMD Plans Initial Public Offering in Bloomberg)


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