Deals
Walgreens-Backed VillageMD Said to Explore Deal for Summit
- Primary care provider in talks with Summit owner Warburg
- Deal said to value combined entity at $5 billion-$10 billion
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VillageMD, which is majority owned by Walgreens Boots Alliance Inc., is exploring a deal to merge with Warburg Pincus-backed Summit Health, according to people familiar with the matter.
The acquisition by primary-care provider VillageMD of Summit, a health-care network and the parent of CityMD, would value the combined entity at between $5 billion to $10 billion, said the people, who asked to not be identified because the matter isn’t public.