Walgreens CEO Rosalind Brewer called the company's second quarter "transformational" because of the continued growth of VillageMD and its $8.9 billion acquisition of provider group Summit Health.
In a March 28 earnings call, Ms. Brewer said when VillageMD, which Walgreens has a majority ownership stake in, bought Summit Health in January it created "one of the largest integrated provider platforms in the U.S.," according to a transcript published by financial news site Seeking Alpha. She said Walgreens put $3.5 billion toward the deal.
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