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Walgreens (WAG - Analyst Report) and Florida-based Orlando Health, a not for-profit-healthcare organization, signed a clinical collaboration that will provide integrated and expanded health care services to patients throughout Central Florida, with an added focus on convenience and affordability.

The collaboration will see Healthcare Clinics operating at conveniently-located Walgreens during evenings and weekends, with online appointment-scheduling facilities. Orlando Health patients will receive coordinated Healthcare Clinic facilities for chronic and preventive disorders.

The collaboration will also facilitate communication between Orlando Health physicians and Healthcare clinic nurses to effectively share patient information. Finally, it will ensure extended patient awareness regarding Orlando Health and Healthcare Clinic services.

The healthcare industry presents diverse opportunities and the collaboration will serve Walgreen’s mission to provide customized and quality healthcare services. Walgreens plans to utilize its extensive chain of popular retail outlets to deliver superior medical care, while ensuring better management of patient care services at the same time. The diverse portfolio of health care assets of the company is also expected to deliver proper and timely services to the patients.

The two companies are also interested in exploring options of sharing electronic medical records to ensure read-only access for real-time medical data of patients. The execution of such endeavour thus foresees the need for creating online or call center appointment scheduling technology.

This collaboration will effectively focus on Central Florida, Orlando Health being a primary healthcare provider in the region. A total of 13 Healthcare clinics at select Walgreens in nearby cities like Orlando, Kissimmee, Apopka, Winter Springs, Clermont, Lake Buena Vista, Lake Mary, Winter Park and Windermere, Florida have been shortlisted to offer the services.

Both Walgreens and Orlando Health services are of the opinion that adoption of new approaches, and building new relationships will optimally cater to the growing healthcare needs of people, offering them the best possible medical services at convenient locations and affordable rates.  

Currently, WAG carries a Zacks Rank #3 (Hold). Other stocks that are worth a look include Supernus Pharma (SUPN - Snapshot Report) carrying a Zacks Rank #1 (Strong Buy) GNC Holdings Inc. (GNC - Snapshot Report) and Herbalife Ltd. (HLF - Snapshot Report), each carrying a Zacks Rank #2 (Buy).

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