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Published 1 month ago

Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics

Summary by Ground News
Walgreens spent more than $5 billion a few years ago to acquire a majority stake in VillageMD and launch a plan to add hundreds of clinics to its stores. The company recorded a $5.8 billion, after-tax impairment charge for VillageMD in its most recent quarter as it adjusted the asset's value. Walgreens executives said Thursday that VillageMD is closing around 160 clinics.

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Associated Press NewsAssociated Press News

Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics

Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls. Excluding that charge, the drugstore chain reported

1 month ago·United States
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abc Newsabc News

Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics

Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls

1 month ago·United States
Read Full Article
KOB 4KOB 4

Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics

Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls. Excluding that charge, the drugstore chain reported results Thursday that topped Wall Street expectations. Walgreens spent more than $5 billion a few years ago to acquire a majority stake in VillageMD and launch a plan to add hundreds of clinics to its stores and grow its ability to provide care. But the drugstore c…

1 month ago·Albuquerque, United States
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