STOCK TITAN

Walgreens and VillageMD Expand to Florida, Plan to Open 10 Full-Service Primary Care Clinics in Orlando This Year

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Walgreens Boots Alliance (WBA) and VillageMD have announced the opening of three Village Medical clinics in Orlando, with plans for seven additional locations by year-end. This initiative aims to enhance patient access to coordinated pharmacy and primary care services, addressing the health needs of over 13 million Floridians with chronic conditions. The project will create approximately 400 jobs, including 200 high-paying STEM positions. The clinics will offer diverse insurance options and telehealth services, promoting improved health outcomes for patients.

Positive
  • Opening of three Village Medical clinics in Orlando, with plans for seven more by year-end.
  • Enhances access to coordinated healthcare services for over 13 million Floridians with chronic conditions.
  • Creation of approximately 400 jobs, including 200 high-paying STEM positions.
  • Wide range of insurance options and telehealth services available for patients.
Negative
  • None.

Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD today announced the opening of three new Village Medical at Walgreens locations in the Orlando area with plans to open seven additional locations by end of this year. Through the Walgreens and VillageMD integrated care model, patients are able to receive convenient and coordinated pharmacy services alongside cost-effective and comprehensive primary care.

Village Medical at Walgreens entryway. (Photo: Business Wire)

Village Medical at Walgreens entryway. (Photo: Business Wire)

“Together, Walgreens and VillageMD are committed to expanding access to healthcare in America through coordinated primary care and pharmacy services in our stores and virtually,” said Jamie Vortherms, vice president of healthcare services, Walgreens. “These 10 new clinics in Orlando are the first of many we hope to bring to Florida to provide residents high-quality care in the communities where they live, shop and work.”

More than 13 million Floridians have at least one chronic condition, many of whom require multiple daily medications.1 VillageMD primary care physicians and Walgreens pharmacists work together to provide care for chronic conditions such as diabetes, asthma and high blood pressure, as well as everyday illnesses and injuries. Patients may benefit from a seamless experience that saves them time and money and helps them take medication as prescribed by their primary care providers.

“We’re thrilled to launch Village Medical at Walgreens locations in Orlando and share VillageMD’s high-tech, high-touch healthcare model, which fosters regular communication and strong relationships between our patients and providers,” said Brent Asplin, M.D., president of Village Medical. “By bringing this model to Walgreens locations in Orlando, we’re able to provide unprecedented access to primary care services and deliver improved health outcomes.”

These Village Medical at Walgreens locations in Florida will create approximately 400 jobs within the community, including 200 STEM (Science, Technology, Engineering, and Mathematics) high-paying, professional positions.2

Village Medical at Walgreens locations accept a wide range of health insurance options. Patients may access care and support through in-person, at-home and telehealth visits. To learn more about the Village Medical at Walgreens services and locations in the Orlando area, please visit https://www.villagemedical.com/locations/florida.

For more information as well as multimedia assets, please visit the Walgreens Newsroom.

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail pharmacy, impacting millions of lives every day through dispensing medicines, and providing accessible, high-quality care. With more than 170 years of trusted healthcare heritage and innovation in community pharmacy, the company is meeting customers’ and patients’ needs through its convenient retail locations, digital platforms and health and beauty products.

Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.

WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.

WBA is included in FORTUNE’s 2021 list of the World’s Most Admired Companies*. This is the 28th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.

More company information is available at www.walgreensbootsalliance.com.

*© 2021, Fortune Media IP Limited. Used under license.

About VillageMD

VillageMD, through its subsidiary Village Medical, is a leading, national provider of value-based primary care services. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care. The Village Medical brand provides primary care for patients at traditional free-standing clinics, Village Medical at Walgreens clinics, at home and via virtual visits. VillageMD and Village Medical have grown to 12 markets and are responsible for more than 1.6 million patients. VillageMD is also the largest participating sponsor of CMS’ new Direct Contracting program and estimates it serves more than 56,000 patients. To learn more, please visit www.villageMD.com.

(WBA-GEN)

Cautionary Note Regarding Forward-Looking Statements. All statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, those related to the timing and effectiveness of collaboration plans and implementation, the ability to realize the anticipated benefits of the strategic partnership, competitive actions in the marketplace, and the ability to achieve anticipated financial and operating results in the amounts and at the times anticipated, as well as those described in Item 1A (Risk Factors) of Walgreens Boots Alliance, Inc.’s Form 10-K for its fiscal year ending August 31, 2019 and Form 10-Q for its fiscal quarter ending February 29, 2020, and in other documents that Walgreens Boots Alliance, Inc. files or furnishes with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially. These forward-looking statements speak only as of the date they are made. Each of Walgreens Boots Alliance, Inc., Walgreens and VillageMD do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

1 Florida’s State Health Assessment: Key Findings, 2016-2017. Florida Department of Health. http://www.floridahealth.gov/about/state-and-community-health-assessment/ship-process/_documents/SHA-key-findings.pdf

2 Village Medical internal data.

FAQ

What is the significance of the new Village Medical clinics in Orlando by WBA?

The new Village Medical clinics aim to provide coordinated pharmacy and primary care services to enhance healthcare access for more than 13 million Floridians with chronic conditions.

How many jobs will the new Village Medical clinics create?

The new clinics are expected to create approximately 400 jobs, including 200 high-paying STEM positions.

What services will be offered at the Village Medical clinics associated with Walgreens?

The Village Medical clinics will offer a range of healthcare services including in-person, at-home, and telehealth options, with various insurance coverage.

When are the additional Village Medical clinics expected to open in Orlando?

Seven additional Village Medical clinics are planned to open in the Orlando area by the end of this year.

Walgreens Boots Alliance, Inc

NASDAQ:WBA

WBA Rankings

WBA Latest News

WBA Stock Data

7.94B
711.67M
17.66%
61.81%
11.66%
Pharmaceutical Retailers
Retail-drug Stores and Proprietary Stores
Link
United States of America
DEERFIELD