
VillageMD completes acquisition of Summit Health-CityMD, plans primary care across nation
Venture with Walgreens puts primary care, pharmacies under one roof.
VillageMD has completed its acquisition of Summit Health-CityMD, a move
The $8.9 billion deal includes investments from Walgreens Boots Alliance Inc. and Evernorth, the health services business of Cigna Corp. The companies will have more than 680 provider
It's clear the companies aim to
In its press releases, Walgreens has announced joint clinics in locations ranging from Las Vegas, Nevada, to New Hampshire, Florida, and Arizona, with an expansion of 10 full-service primary care clinics in Massachusetts by early 2023.
VillageMD noted Summit Health-CityMD has a strong footprint in the northeast United States and Oregon.
“Our new organization will continue to be patient centered, physician led and committed to transforming the way health care is delivered in the United States,” VillageMD CEO and Chair Tim Barry said in a news release. “As we combine forces, our workforce of 20,000 people will have even more expertise, tools, and resources to provide the best care for our patients – whenever and wherever care is needed.
“Providing high-quality care with a focus on clinical outcomes in an exceptional patient experience is in the DNA of both organizations,” Barry said. “Together, we are poised to deliver on the promise of value-based care for more communities, families and individuals.”
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