As previously announced on June 27, 2024, Walgreens Boots Alliance, Inc. (the "Company") initiated a strategic and operational review towards simplifying and focusing its U.S. Healthcare portfolio, including the assessment of the Company's investment in its majority-owned Village Practice Management Company, LLC ("VillageMD"), a national provider of value-based care with primary multi-specialty, and urgent care providers serving patients in traditional clinic settings, in patients' homes and online appointments.
The Company is currently evaluating a variety of options with respect to VillageMD in light of ongoing investments by the Company in VillageMD's businesses and VillageMD's substantial ongoing and expected future cash requirements. These options could include a sale of all or part of the VillageMD businesses, possible restructuring options and other strategic opportunities.