Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics

Credit: SeattlePI.com- Published on March 28, 2024
Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls. Excluding that charge, the drugstore chain reported results Thursday that topped Wall Street expectations. Walgreens spent more than $5 billion a few years ago to acquire a majority stake in...

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