Becker's Healthcare December 19, 2022
Recent moves from CVS and Walgreens show that the pharmacy retail giants are making leaps into healthcare spaces they’ve never touched — but hospitals aren’t sweating yet.
“At a high level, I think this is healthcare’s new normal, so I’m not surprised by these moves,” Ashis Barad, MD, chief digital officer of Pittsburgh-based Allegheny Health Network, told Becker’s.
In November, VillageMD — in which Walgreens has majority ownership — said it plans to snatch physician practice group Summit Health for $8.9 billion, while CVS secured a deal in September to acquire home health company Signify for about $8 billion.
How are hospitals and health systems responding to these changes from pharmacy giants? Becker’s talked to seven leaders to find out.
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