Walgreens Edges Closer To Selling Stake In Clinic Operator VillageMD
1. Walgreens plans to sell its stake in VillageMD due to significant losses. 2. The investment in VillageMD has cost Walgreens over $13 billion in operating losses. 3. Walgreens aims to improve its balance sheet by exiting less profitable ventures. 4. VillageMD has faced challenges filling patient panels, affecting clinic operations. 5. Walgreens reports $2.2 billion in U.S. Healthcare sales, showing some segment growth.