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Primary care provider VillageMD has agreed to acquire medical practice Summit Health for $8.9 billion including debt, Healthcare Dive reports. VillageMD, which is majority owned by pharmacy chain Walgreens Boots Alliance Inc., and Summit Health, the parent company of CityMD, plan to combine their provider locations and VillageMD’s experience with value-based care. Cigna Corp.’s health services division Evernorth is also taking a stake in the deal and will become a minority owner in VillageMD.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation