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Wednesday, August 5 Business

Walgreens to add doctors offices via $1B VillageMD deal

With CVS Health reporting early success with its “MinuteClinic” services embedded in pharmacies, Walgreens is aiming to one-up its rival by establishing full-fledged physician offices at hundreds of locations.

Walgreens Boots Alliance announced Wednesday a $1 billion investment in VillageMD and accompaying plan to open full-service doctors offices at as many as 700 pharmacies in the coming five years, on the heels of a market trial last year in the Houston area.

The companies did not specify immediately locations for its Village Medical at Walgreens clinics, which will also provide in-home and telehealth services. Walgreens has locations in nearly 80 Connecticut cities and towns.

Alex.Soule@scni.com; 203-842-2545; @casoulman

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