VillageMD completed the acquisition of Summit Health-CityMD for $8.9bn.

VillageMD, a value-based primary care provider, completed the acquisition of Summit Health-CityMD, a provider of primary, specialty and urgent care, for $8.9bn. The transaction includes investments from Walgreens Boots Alliance and Cigna-backed Evernorth. "This is an epic milestone in our journey to transform healthcare in the United States. Summit Health-CityMD has been a leader in delivering coordinated, multi-specialty care for decades. We are honored to work side-by-side with their 13k strong workforce who are passionately committed to delivering the best outcomes for millions of patients. Both organizations share a deep commitment to keeping our patients and clinicians at the forefront of what we do to best serve them," Tim Barry, VillageMD CEO and Chair.