Walgreens aims for 20 new Village Medical practices in the Dallas area over the next year

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Walgreens Boots Alliance Inc. WBA, -0.88% said Tuesday that it will open 20 new Village Medical at Walgreens primary care practices in the Dallas area over the next year. The first launched on Oct. 26 with additional locations to be added in November and December. There are also Village Medical practices in Houston, El Paso and Austin. Walgreens said during its investor meeting in October that it plans to expand to more than 160 VillageMD locations by the end of 2022, with the company on track for 1,000 by 2027. Walgreens estimates that 75% of Texas' healthcare expenditures are for chronic diseases, though many areas lack primary care. The new Dallas Village Medical locations will create 748 jobs. Walgreens stock has gained 23.4% for the year to date while the S&P 500 index SPX, +0.51% is up 24.7% for the period.

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