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Walgreens just made a $1 billion bet on bringing doctor's offices into its pharmacies, and it shows how the pharmacy giant is taking on CVS and Walmart as they beef up their health ambitions

1 month ago   |   By Business Insider

Walgreens is betting big that it can use its retail pharmacy to help people go to the doctor.
On Wednesday, the retail pharmacy giant said it plans to open 500 to 700 primary care locations in partnership with startup VillageMD.
As part of the deal, Walgreens is investing up to $1 billion in the startup over the next three years, starting with a $250 million investment.
It's the latest move in Walgreens' push to partner with other companies in the face of growing competition with other retailers, as well as more sales going to online sellers like Amazon.
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Walgreens To Pay VillageMD $1 Billion To Open 500 Primary Care Clinics

Walgreens To Pay VillageMD $1 Billion To Open 500 Primary Care Clinics

1 month ago   |   By Forbes

Walgreens will invest $1 billion in VillageMD to open ‘500 to 700' physician-staffed clinics inside its drugstores in more than 30 U.S. markets within the next five years.
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