Becker's Healthcare November 11, 2022
CVS needs to continue investing in healthcare opportunities so the retail giant doesn’t fall behind Walgreens and Amazon, even if that means its earnings take a hit, The Wall Street Journal reported Nov. 10.
On Sept. 5, CVS entered into an agreement to acquire Signify Health, a home health company, for about $8 billion. The deal, which brings Signify’s nationwide value-based provider network with more than 10,000 clinicians into CVS Health’s portfolio, is expected to close in the first half of 2023.
But, shortly after CVS entered into the agreement, primary care disruptor VillageMD, which is majority owned by Walgreens Boots Alliance, entered into an agreement to acquire physician practice group Summit Health in a transaction worth roughly $8.9...
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