News Report | October 20, 2021
Walgreens Boots Alliance Launches New Business Segment, Walgreens Health, With $5+ Billion Investment In VillageMD & CareCentrix
On October 14, 2021, Walgreens Boots Alliance, Inc. (WBA), announced the launch of a new business segment: Walgreens Health, which will provide primary care, post-acute care, and home care. Walgreens Health builds on WBA’s previous investment in VillageMD and a new investment in CareCentrix. WBA invested $5.2 billion in VillageMD, increasing its ownership stake from 30% to 63%. WBA has agreed to pay $330 million to purchase 55% ownership in CareCentrix and enter the home care sector.
The new Walgreens Health business segment will use a technology-enabled care model powered by a nationally scaled, locally delivered . . .