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DEERFIELD, Ill. — Walgreens said this week it is planning to close its remaining VillageMD clinics in Florida as the company continues to cut costs.
VillageMD operated 52 clinics in Florida, but 14 have closed to date. The remainder will shutter by March 15, according to multiple news reports citing Walgreens. The closures fully exit VillageMD from Florida, one of its largest markets and a key target for value-based primary care chains given the state’s large population of elderly patients with chronic health needs.
Walgreens is currently pursuing a strategic pivot to providing health care services, expanding on its traditional retail pharmacy roots. This includes significant investment in its U.S. Healthcare division, which includes value-based primary care operator VillageMD. Walgreens bought a majority stake in VillageMD for $5.2 billion in 2021.
