Workweek November 7, 2022
After swirling rumors of acquisition talks between the two, VillageMD announced that it’s buying Summit Health for $8.9B early Monday morning (can’t let a guy sleep in, can you healthcare?)
Combined, VillageMD NewCo will operate 4,100 providers (2,150 primary care physicians), 680 locations, 7 million patients, and 125,000 full-risk Medicare Advantage lives. That’s a pretty big deal (pun absolutely intended) as NewCo vaults itself into becoming one of the largest primary care providers in the country and geographically dense (an important feature in value-based care) in the Northeast.
Details: VillageMD will acquire Summit with investments alongside Walgreens and Evernorth (AKA, Cigna’s services arm). Through the acquisition, VillageMD will now have 680 locations (physician clinics and urgent care locations) in 26...
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