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Villagemd Acquires Summit Health-Citymd, Creating One Of The Largest Independent Provider Groups In The U.S.

PRIVATENov 07, 2022

Acquiring Company

Village Practice Management Company

Acquired Company

Summit Health-CityMD

ChicagoHealthcareHospitals And PhysiciansHealth CareHealth CareMedical

Description

VillageMD announced today it has entered a definitive agreement to acquire Summit Health-CityMD, a leading provider of primary, specialty and urgent care. The transaction is valued at approximately $8.9 billion with investments from Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and an affiliate of Evernorth, a subsidiary of Cigna Corporation (NYSE:CI).

Quick answer

Village Practice Management Company is acquiring Summit Health-CityMD, announced November 7, 2022. Village Practice Management Company is based in Chicago, Illinois, United States.

How much did Village Practice Management Company pay for Summit Health-CityMD?
The deal value was not disclosed.
What does Village Practice Management Company do?
VillageMD, through its subsidiary Village Medical, is a leading, national provider of value-based primary care services.
Where are Village Practice Management Company and Summit Health-CityMD based?
Village Practice Management Company is based in Chicago, Illinois, United States.
Who are the decision-makers at Village Practice Management Company?
Fundz holds 1 contact at Village Practice Management Company. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Village Practice Management Company

Location

125 S. CLARK STREET

Chicago, Illinois, United States

About

VillageMD, through its subsidiary Village Medical, is a leading, national provider of value-based primary care services. VillageMD partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver high-quality clinical care and better patient outcomes, while reducing the total cost of care. The Village Medical brand provides primary care for patients at traditional free-standing practices, Village Medical at Walgreens practices, at home and via virtual visits. VillageMD and Village Medical have grown to 19 markets and are responsible for more than 1.6 million patients. VillageMD is also the largest participating sponsor of CMS's new Direct Contracting program and estimates it serves more than 56,000 patients.

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Frequently asked

Who acquired Summit Health-CityMD?

Summit Health-CityMD was acquired by Village Practice Management Company, based in Chicago. The deal was reported on November 7, 2022. VillageMD, through its subsidiary Village Medical, is a leading, national provider of value-based primary care services. Village Practice Management Company is privately held and operates in Healthcare.

When did Village Practice Management Company acquire Summit Health-CityMD?

Village Practice Management Company's acquisition of Summit Health-CityMD was reported on November 7, 2022. VillageMD announced today it has entered a definitive agreement to acquire Summit Health-CityMD, a leading provider of primary, specialty and urgent care. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Summit Health-CityMD do?

Summit Health-CityMD helps patients with all of their primary and specialty care needs. It is privately held, operating in Health Care.

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