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0.000661825706802004 0.000927488138405457 0.00136093736891654 -0.000503360396722551 0.00648775622442428 0.00975027731429277 0.0134788728455709 0.0167413939354394
Stock impact report

Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics [Yahoo! Finance]

Walgreens Boots Alliance, Inc. (WBA) 
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
Company Research Source: Yahoo! Finance
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 VillageMD and launch a plan to add hundreds of clinics to its stores and grow its ability to provide care. But the drugstore chain said Thursday that it recorded a $5.8 billion, after-tax impairment charge for VillageMD in its most recent quarter as it adjusted the asset's value. VillageMD says on its website that it runs 680 locations. It specializes in clinics that deliver value-based care. That approach, which is growing popular with some insurers, essentially rewards doctors for keeping patients healthy instead of paying them for every service they perform. The company is dealing with slower-than-expected growth in patients and changes to reimbursement from the federal government's Medicare program, among other challenges. Walgreens executives said Thursday that VillageMD is closing a Show less Read more
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