Recent moves from CVS and Walgreens show that the pharmacy retail giants are making leaps into healthcare spaces they’ve never touched — but hospitals aren’t sweating yet.
“At a high level, I think this is healthcare’s new normal, so I’m not surprised by these moves,” Ashis Barad, MD, chief digital officer of Pittsburgh-based Allegheny Health Network, told Becker’s.
In November, VillageMD — in which Walgreens has majority ownership — said it plans to snatch physician practice group Summit Health for $8.9 billion, while CVS secured a deal in September to acquire home health company Signify for about $8 billion. How are hospitals and health systems responding to these changes from pharmacy giants? Read more.
