A new model for pharmacy and healthcare retailing is fast taking shape at Walgreens headquarters in Deerfield, Ill. And as that new strategy works its way through the company’s vast, nationwide network of some 8,000 “points of care,” it’s transforming the way this storied, 108-year-old drug store giant goes to market and serves America’s patients and consumers.

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NEW YORK The health information technology revolution is sweeping beyond urban centers and into the...