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VillageMD to take over Summit Health-CityMD
Medical Economics November 11, 2022
$8.9 billion deal will join 680 provider locations in 26 markets.
VillageMD has announced it will acquire Summit Health-CityMD in an $8.9 billion deal to create “one of the largest independent provider groups in the U.S.”
The company announced the deal with investments from Walgreens Boots Alliance Inc. (WBA) and an affiliate of Evernorth, a subsidiary of Cigna Corp.
Summit Health-CityMD has a strong footprint in Oregon and the northeast United States. Combined, VillageMD and Summit Health will have more than 680 provider locations in 26 markets, according to the companies’ announcement.
“This is an epic milestone in our journey to transform healthcare in the United States,” VillageMD CEO and Chairman Tim Barry said in a news release. “Summit Health-CityMD...
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