Walgreens’ recent moves to scoop up Summit Health-CityMD and CareCentrix come amid a frenzy of M&A activity in the past two years. Major retailers are extending their reach deeper into the care continuum and it has major implications for how and where care is delivered and paid for, and by whom.
CVS, Walgreens, Walmart and tech giant Amazon are ramping up their focus on providing medical services to gain bigger footholds in the healthcare market, Fierce Healthcare reports.
With Walgreens’ aggressive M&A, CVS Health will feel even more pressure to purchase a primary care business sooner rather than later, David Larsen, healthcare IT and digital health analyst at financial services firm BTIG, wrote in a recent analyst note. Read more.
