March 28, 2024 BY Simon Mugo
Walgreens Incurs $5.8Bn Charge on VillageMD Amid Cost-Cutting
Under the leadership of CEO Rosalind Brewer, the company sought to enhance its healthcare offerings by investing heavily in VillageMD, a network of doctors' clinics known for consuming substantial cash flows. Over recent years, Walgreens has poured more than $6 billion into acquiring a majority stake in VillageMD, further bolstering its healthcare footprint with a…
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