Walgreens’ VillageMD sells 11 clinics

Walgreens’ VillageMD sold 11 locations in Rhode Island to medical group management firm Arches Medical Partners. 

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According to VillageMD’s website, the locations were officially acquired by Arches on March 2. 

Terms of the transaction were not disclosed, according to a March 20 news release from Arches.

This comes shortly after Village MD said it was planning to exit the Illinois market in April, a move that is a part of Walgreens’ plan to cut at least $1 billion in costs. 

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