“Summit Health-CityMD joining VillageMD is transformational for our U.S. The deal is expected to close in the first quarter of next year, pending regulatory approval. The two companies would manage about 20,000 employees, they say. Walgreens remains the largest shareholder of VillageMD with about 53% of the company, and Cigna will become a minority owner.Ĭombined, VillageMD and Summit Health-CityMD say they will create a multipayor platform to deliver care across more than 680 locations in 26 markets. ![]() A spokesperson declined to share the figure. ![]() It is unclear exactly how much Cigna is contributing to the deal. Walgreens said in a statement it is investing $3.5 billion in the $8.9 billion deal through an even mix of debt and equity as it seeks to find profitability for its U.S.
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