https://finance.yahoo.com/news/walgreens-explores-options-selling-villagemd-214804403.html
3 replies (most recent on top)
And again, one has to say, "Thanks Roz".......
Literally just a few weeks ago in the town hall we were told that this partnership with VillageMD was going to become profitable that looks highly unlikely now and frankly the reason this company is bleeding money is because of this deal. And when people on posts here have mentioned WBA heading towards bankruptcy you have some coming on here saying that is crazy talk. Frankly, this deal has shown how horrible of a former CEO we had previously and how she got a board position is stunning. This company is in serious trouble and the fact that they keep selling their stake in Cencora is either a red flag for how much trouble this company is in or that this company is trying to split away from Cencora altogether because they finally have realized Cencora is sc--wing them over on dr-g costs. Come on out bankruptcy naysayers and tell us how this loan default by VillageMD is not a big problem maybe you didn’t realize how much trouble this company is really in. They are now having to get loans with higher interest rates because of all these issues so tell us how this is not a bigger issue now.
"On Wednesday, Walgreens said it entered into a forbearance agreement with VillageMD after the business defaulted on a $2.25 billion secured loan facility provided by Walgreens."