VillageMD’s recent $8.9 billion acquisition of Summit Health-CityMD is the latest chapter in the retailization of healthcare, according to Paul Schuhmacher, a managing director in the healthcare practice of consulting firm AArete. The investment came from Walgreens Boots Alliance and Evernorth, the health services subsidiary of Cigna.
Schuhmacher said the deal is a big investment and a significant opportunity for the drugstore chain to capture some of the revenue that would usually go to traditional provider groups, Healthcare Finance reports.
“More broadly, I think we’ll see more ‘retailization’ of healthcare, maybe not as much in 2023 as interest rates go up and investments slow in a lot of organizations,” Schumacher said, “but in the long run, it will pick up.” Read more.
