Walgreens Boots Alliance and VillageMD are expanding their partnership with a $1 billion deal in which between 500 to 700 primary care offices will be opened in Walgreens' drug stores over the next five years. After that the plan calls for hundreds more to be built.
The offices, which will be located in more than 30 US markets. will be staffed by more than 3,600 primary care providers recruited by VillageMD. More than 50% will be located in Health Professional Shortage Areas and Medically Underserved Areas/Populations, as designated by the US Department of Health and Human Services. There will also be 24/7 care available via telehealth and at-home visits.
This nationwide rollout follows a trial with five in-store clinics in the Houston, Texas area, which opened last November.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
