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Walgreens takes majority stake in VillageMD in $5.2 billion deal

Posted On: Oct. 15, 2021 10:36 AM CST

Walgreens Boots Alliance has agreed to become the majority owner of VillageMD, as it opens hundreds of doctor offices with the primary-care company, reports CNBC. As part of the deal, the Deerfield, Illinois-based drugstore chain will invest $5.2 billion in VillageMD. The company is speeding along its plans to open Village Medical primary care clinics at existing Walgreens drugstores.