VillageMD on Monday officially confirmed its plan to acquire Summit Health-CityMD. On Wednesday, Walgreens Boots Alliance — one of VillageMD’s chief investors — opened up about how the deal fits into its overall strategy.
VillageMD – which has an at-home division, Village Medical at Home – is a primary care provider that has a home- and community-based focus.
“While our existing portfolio of best-in-class assets supports a strong future outlook, the addition of Summit Health — it’s transformational,” Walgreens Boots Alliance CEO Roz Brewer said. “It’s really pushing the business to gain both scale and profit. I want you to think about this investment supporting [VillageMD] and enhancing the value across the full health care business and extending our reach. It ultimately drives strong financial returns for [Walgreens Boots Alliance].” Read more.
