Walgreens-backed Village MD to acquire Summit Health-CityMD for $8.9B

Walgreens’ VillageMD has entered into a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty and urgent care. 

The transaction is valued at approximately $8.9 billion with investments from Walgreens Boots Alliance and an affiliate of Evernorth, itself a subsidiary of Cigna Corporation.

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