Walgreens’ VillageMD to shutter more clinics in cost-cutting plan

Walgreens’ VillageMD to shutter more clinics in cost-cutting plan
Modern Healthcare
December 15, 2023
Walgreens-backed VillageMD is exiting Indiana. The primary care provider plans to shutter all 12 of its Village Medical practices across the state, effective Jan. 19, a VillageMD spokesperson confirmed Friday. Some of the locations are co-located with Walgreens stores, but the stores are not closing, the spokesperson said. The closures stem from Walgreens’ larger cost-cutting plan announced in October that involves closing 60 VillageMD-operated clinics in five markets. Earlier this month, VillageMD said 10 clinics in the Jacksonville, Florida, area will close in January. Walgreens is seeking $1 billion in savings, most of which will come from pharmacy operations and scaling back capital projects by about $600 million.