Walgreens (WBA), Village MD Plan to Expand Into San Antonio
Zacks Investment Research | Dec 16, 2021 07:30AM ET
Walgreens Boots Alliance (NASDAQ:WBA), Inc. WBA and Village MD recently announced plans to open nine Village Medical at Walgreens primary care practices in San Antonio over the next year. These openings represent expansion into the fifth major market in Texas, following Houston, El Paso, Austin and Dallas.
It is worth noting that the Village Medical at Walgreens locations in San Antonio will employ 380 well-compensated STEM (Science, Technology, Engineering, and Mathematics) professionals. This is expected to create more than 850 full-time jobs within the area.
Enhanced Accessibility to Primary Care/h3
Through the Walgreens and VillageMD coordinated care model, patients get full-service primary care besides convenient and cost-effective pharmacy services. This coordinated care model is mainly beneficial for San Antonio residents, particularly patients with chronic conditions who require increased opportunities to experience enhanced healthcare outcomes and lowered care costs.
Village Medical primary care physicians and Walgreens pharmacists work together to offer care for chronic health conditions, preventive services and treatment of everyday illnesses and injuries.
Village Medical at Walgreens locations accepts a wide variety of health insurance options, including Medicare. Patients can seek care and support through in-person, at-home and telehealth visits. Within the same visit, patients can seek care from physicians while also ensuring that their prescriptions, medication refills and affordable substitution options are readily available.
Industry Prospects/h3
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LabCorp, carrying a Zacks Rank #2, reported third-quarter 2021 adjusted EPS of $6.82, which surpassed the Zacks Consensus Estimate by 42.9%. Revenues of $4.06 billion outpaced the Zacks Consensus Estimate by 13.4%.
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