(Bloomberg) -- Walgreens Boots Alliance Inc. agreed to invest $5.2 billion in primary-care provider VillageMD, doubling its stake in the company to 63%. Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowThe deal will increase the number of primary-care practices loca
Walgreens Boots Alliance Inc (NASDAQ: WBA) is trading significantly higher Thursday after the company announced better-than-expected fourth-quarter fiscal 2021 financial results. Walgreens reported quarterly earnings of $1.17 per share, which beat the estimate of $1.02 per share. The company reported quarterly revenue of $34.3 billion, which beat the estimate of $33.3 billion. “Our fourth quarter and fiscal year results exceeded expectations, driven by strong performance in our core business. Co
The drugstore chain plans on opening 1,000 VillageMD in short order.