Day: July 8, 2020

Walgreens Boots Alliance, Inc. (WBA) Stock Price, Quote, History & News

SmarterAnalyst

Walgreens Boots Alliance Inc. (WBA) has announced that it will be expanding the size of its care clinics by nearly 700 retail stores over the next few years. The July 8 expansion news by Walgreens represents an overhaul of its business model from being primarily a drug pharmacy to a primary care clinic.Walgreens says that it will still provide a vast range of retail products to customers by optimizing existing space in the store while removing all of its tobacco products. The clinics themselves will be approximately 3,300 square feet each, with some as large as 9,000 square feet.It will include a partnership with VillageMD which will help create the clinics to provide regular treatment to patients from medical practitioners. VillageMD is a primary care service whose subsidiary Village Medical brand, provides services to patients at Walgreens at its current traditional free-standing clinics.Walgreens CEO Stefano Pessina stated, “These clinics

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