Walgreens CEO Brewer Joins VillageMD Board As Drugstore Chain’s Investment Grows

Walgreens Boots Alliance chief executive officer Roz Brewer has joined the board of VillageMD, which is developing hundreds of doctor-staffed clinics connected to Walgreens drugstores across the US

VillageMD said Brewer as well as another Walgreens board member, Dr. David Brailer of the private equity firm Health Evolution Partners, have taken seats on the primary care company’s board of directors.

“Roz and David each bring a unique perspective to the ways we can deliver a better experience for our physicians and patients, and I’m excited to work with them as we continue the transformation of our nations’ healthcare system,” VillageMD chief executive and chairman Tim Barry said. “Our country needs the best and brightest solving our healthcare crisis and we have the opportunity to bring high-quality, accessible care to millions of Americans in their communities.”

Brailer is known nationally for his work in health information technology and was National Coordinator for Health Information Technology within the Department of Health and Human Services during President George W. Bush’s administration from May 2004 to April 2006.

The announcement about Brewer and Brailer joining VillageMD’s board comes with Walgreens now holding a 63% stake in VillageMD. Just last week, Brewer said Walgreens is opening a new VillageMD clinic attached to a drugstore on average “every three days” this year.

Since Brewer became chief executive officer of Walgreens Boots Alliance a year ago, the iconic drugstore chain invested another $5.2 billion in VillageMD on top of an early $1 billion stake to escalate the expansion of doctor-staffed clinics across the US under a new “Walgreens Health ” business.

The larger investment Walgreens made last year was designed to accelerate the opening of at least 600 Village Medical at Walgreens primary care practices in more than 30 US markets by 2025 and 1,000 by 2027, with more than half of those practices in medically underserved communities, the company has said.

“VillageMD has pioneered a new, high-quality model of comprehensive primary care, bringing physicians and pharmacists together to address chronic conditions and improve overall health,” Brewer said in a statement from VillageMD. “Healthcare must be both accessible and affordable. Through its Village Medical services at clinics, at home and through virtual care, we can help solve the country’s health equity challenges.”


Leave a Comment