Strategic partnership combines primary care and
pharmacy services to simplify the healthcare experience
Walgreens Boots Alliance (Nasdaq: WBA) and VillageMD today
announced plans to expand into San Antonio with the opening of nine
Village Medical at Walgreens primary care practices over the next
year. These openings represent expansion into the fifth major
market in Texas, following Houston, El Paso, Austin and Dallas.
Through the Walgreens and VillageMD coordinated care model,
patients receive full-service primary care alongside convenient and
cost-effective pharmacy services.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211215005248/en/
Village Medical at Walgreens primary care
practice (Photo: Business Wire)
“San Antonio residents deserve access to comprehensive,
high-quality primary care,” said Tyra Francis, M.D., a local
Village Medical physician. “For patients with chronic conditions,
our coordinated care model is especially beneficial – with
increased opportunities to experience improved healthcare outcomes
and lowered costs of care.”
Chronic health conditions account for 75 percent of Texas
healthcare expenditures,1 yet many areas lack access to primary
care. In fact, Texas ranks 47th in the nation in the number of
primary care providers accessible to residents.2
“Walgreens and VillageMD are on a mission to make healthcare
simpler,” said Rick Fernandez, registered pharmacist and regional
healthcare director for Greater Texas, Walgreens. “As people’s
medical needs continue to evolve with the current pandemic, we’re
providing them greater access to more personalized care using a
streamlined approach that leverages the collaborative expertise of
our pharmacy teams and Village Medical’s physicians.”
Village Medical primary care physicians and Walgreens
pharmacists work together to provide care for chronic health
conditions, preventive services and treatment of everyday illnesses
and injuries. Within the same visit, patients have access to care
from physicians while also ensuring their prescriptions, medication
refills and affordable substitution options are readily
available.
Soon, these Village Medical at Walgreens locations in San
Antonio will create more than 850 full-time jobs within the area.3
Village Medical will employ 380 well-compensated STEM (Science,
Technology, Engineering, and Mathematics) professionals.3
Walgreens Boots Alliance recently announced an increased
investment in VillageMD to advance its strategic position in the
delivery of value-based primary care. This investment will
accelerate the opening of at least 600 Village Medical at Walgreens
primary care practices in more than 30 U.S. markets by 2025 and
1,000 by 2027, with more than half of those practices in medically
underserved communities.
Village Medical at Walgreens locations accept a wide range of
health insurance options including Medicare. Patients may access
care and support through in-person, at-home and telehealth visits.
Patients can learn more and book appointments by visiting
https://www.villagemedical.com/locations/texas.
For more information as well as multimedia assets, please visit
the Walgreens Newsroom.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is an integrated
pharmacy, healthcare and retail leader serving millions of
customers and patients every day, with a 170-year heritage of
caring for communities.
A trusted, global innovator in retail pharmacy with
approximately 13,000 locations across the U.S., Europe and Latin
America, WBA plays a critical role in the healthcare ecosystem. The
company is reimagining local healthcare and well-being for all as
part of its purpose – to create more joyful lives through better
health. Through dispensing medicines, improving access to a wide
range of health services, providing high quality health and beauty
products and offering anytime, anywhere convenience across its
digital platforms, WBA is shaping the future of healthcare.
WBA has more than 315,000 team members and a presence in nine
countries through its portfolio of consumer brands: Walgreens,
Boots, Duane Reade, the No7 Beauty Company, Benavides in Mexico and
Ahumada in Chile. Additionally, WBA has a portfolio of
healthcare-focused investments located in several countries,
including China and the U.S.
The company is proud of its contributions to healthy
communities, a healthy planet, an inclusive workplace and a
sustainable marketplace. WBA has been recognized for its commitment
to operating sustainably: it is an index component of the Dow Jones
Sustainability Indices (DJSI) and was named to the 100 Best
Corporate Citizens 2021.
(WBA-GEN)
About VillageMD
VillageMD, through its subsidiary Village Medical, is a leading,
national provider of value-based primary care services. VillageMD
partners with physicians to provide the tools, technology,
operations, staffing support and industry relationships to deliver
high-quality clinical care and better patient outcomes, while
reducing the total cost of care. The Village Medical brand provides
primary care for patients at traditional free-standing practices,
Village Medical at Walgreens practices, at home and via virtual
visits. VillageMD and Village Medical have grown to 15 markets and
are responsible for more than 1.6 million patients. VillageMD is
also the largest participating sponsor of CMS’ new Direct
Contracting program and estimates it serves more than 56,000
patients. To learn more, please visit www.villageMD.com.
Cautionary Note Regarding Forward-Looking Statements. All
statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties,
including, but not limited to, those related to the timing and
effectiveness of collaboration plans and implementation, the
ability to realize the anticipated benefits of the strategic
partnership, competitive actions in the marketplace, and the
ability to achieve anticipated financial and operating results in
the amounts and at the times anticipated, as well as those
described in Item 1A (Risk Factors) of Walgreens Boots Alliance,
Inc.’s Form 10-K for its fiscal year ending August 31, 2019 and
Form 10-Q for its fiscal quarter ending February 29, 2020, and in
other documents that Walgreens Boots Alliance, Inc. files or
furnishes with the Securities and Exchange Commission. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially. These forward-looking statements speak only as of the
date they are made. Each of Walgreens Boots Alliance, Inc.,
Walgreens and VillageMD do not undertake, and expressly disclaim,
any duty or obligation to update publicly any forward-looking
statement after the date of this release, whether as a result of
new information, future events, changes in assumptions or
otherwise.
1 Chronic Disease Prevention in Texas: Presentation to the
Senate Committee on Health and Human Services. Accessed at
https://www.dshs.texas.gov/legislative/2016-Reports/Chronic-Disease-Prevention-in-Texas-Presentation-1-15-16.doc
on Oct. 27, 2021. 2 America’s Health Rankings: United Health
Foundation. 2020 Annual Report, Texas. Accessed at
https://assets.americashealthrankings.org/app/uploads/state-summaries-annual-20201.pdf
on Oct. 25, 2021. 3 Village Medical internal data.
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version on businesswire.com: https://www.businesswire.com/news/home/20211215005248/en/
Walgreens PR Contact: Jessica Masuga
jessica.masuga@walgreens.com
VillageMD PR Contact: Molly Lynch
molly@lynchgrouponline.com
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