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Walgreens Boots Alliance has accelerated its investment in VillageMD to support the hundreds of Village Medical at Walgreens clinics the companies plan to build by 2025. The effort, which originally involved a three-year, $1 billion investment equity-and-debt commitment alongside a $250 million upfront investment from WBA has been accelerated and Walgreens has completed a $750 million investment in VillageMD.
The move the result of a renegotiation of the companies’ expanded partnership announced in July is meant to increase the pace and scale of the rollout of the 600 to 700 Village Medical at Walgreens clinics that the companies said it would build over the next four years. The effort makes Walgreens the first national pharmacy chain to offer full-service primary care clinics c0located at its stores on a large scale.
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