<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Walgreens released its financial year 2023 earnings update, reporting an operating loss of USD 6.9 billion, which was largely attributed to opioid lawsuit claims and litigation. The company has announced an aggressive cost-cutting plan, including closing 60 underperforming VillageMD clinics across five regions in 2024.
      </p>
    </li>
    <li>
      <p>
        The closures will account for about 9% of VillageMD&rsquo;s overall footprint. The company&rsquo;s outlook for 2024 will include creating cost synergies with its recently acquired 
        <a href="https://sp-edge.com/updates/14347">
          Summit Health
        </a>
        . Further, it plans to reduce capital expenditure by USD 600 million in 2024.&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.entrepreneur.com/business-news/walgreens-unveils-new-ceo-1-billion-cost-cutting-plan/463738">
      Entrepreneur
    </a>
  </p>
  <p>
    <a href="https://www.healthcaredive.com/news/walgreens-2024-outlook-villagemd-closures/696386/">
      HealthcareDive
    </a>
  </p>
  <p>
  </p>
</div>


Preventive Healthcare

DISRUPTOR_PRESENT

INCUMBENTS_PRESENT

The HTML contains a div container with an unordered list (ul) inside. The list contains two list items (li), each with a paragraph (p) element inside. The first paragraph mentions Walgreens' financial year 2023 earnings update, reporting a USD 6.9 billion operating loss due to opioid lawsuit claims. The company plans to close 60 underperforming VillageMD clinics across five regions in 2024 as part of an aggressive cost-cutting plan. The second paragraph states that the closures will account for about 9% of VillageMD's overall footprint. The company also plans to create cost synergies with its recently acquired Summit Health and reduce capital expenditure by USD 600 million in 2024.

Walgreens announces plans to close 60 VillageMD clinics in 2024

All Updates

Walgreens announces plans to close 60 VillageMD clinics in 2024

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VillageMD acquires Healthy Interactions to enhance chronic care offering

Walgreens to expand its investment plans in VillageMD to USD 5.2 billion

VillageMD and Walgreens to open 29 Village Medical centers in Texas in 2021