Physician-owned Arches Medical now employs 50 physicians and operates eight office locations and three urgent care centers in Rhode Island, according to a March 20 release from the company.
VillageMD, majority owned by Walgreens, operates 680 clinics. In October, Walgreens first announced its plan to cut at least $1 billion in costs and has since announced plans to exit the Illinois, Indiana and Florida markets. In total, it plans to pull VillageMD from five markets and close around 60 clinics in 2024.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.