Walgreens and VillageMD havetested their primary care model by opening five in-store clinics inthe Houston area in November. (Photo: KenWolter/Shutterstock)

There will soon be a doctor in the house at Walgreens.

The pharmacy chain has struck a deal with VillageMD to haveprimary care clinics in 500 to 700 of its stores over the next fiveyears, CNBC reports. As part of the deal, Walgreenswill invest $1 billion in equity and convertible debt in VillageMDover the next three years, including a just-completed $250 millionequity investment.

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.

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