On Monday, VillageMD officially confirmed its plan to acquire Summit Health-CityMD. On Wednesday, Walgreens Boots Alliance Inc. (Nasdaq: WBA) — one of VillageMD’s chief inventors — opened up about how the deal fits into its overall strategy. VillageMD – which has an at-home division, Village Medical at Home – is a primary care provider that […]
VillageMD
Just a week after reports that VillageMD had its eye on Summit Health-CityMD, the former announced that it has entered a definitive agreement to acquire the latter. With investments from Walgreens Boots Alliance Inc. (Nasdaq: WBA) and Evernorth – Cigna Corporation’s (NYSE:CI) health services organization – the deal is valued at $8.9 billion. “You think […]
Home-focused primary care provider — and key Walgreens Boots Alliance (Nasdaq: WBA) investment target — VillageMD is said to be eyeing a potential merger with Summit Health. The merger would value the combined companies at an estimated $5 billion to $10 billion, according to a Bloomberg News report. Chicago-based VillageMD, through its subsidiary Village Medical, […]
The fourth quarter loss reported by Walgreens Boots Alliance (Nasdaq: WBA) on Thursday is not a good indication for fiscal year 2023 and beyond, according to the company’s chief financial officer. And, in fact, it’s banking on its home-based care investments as contributors. Among those are VillageMD, CareCentrix and Shields Health Solutions, which will drive […]
Dr. Thomas Cornwell, the senior medical director of Village Medical at Home, is living out his dream. He thought at-home care visits were going to tick up significantly as far back as 15 years ago, but that never really came to fruition. Until Now. Now, he’s one of the drivers of that growth, with the […]
Excelin Health expands California footprint Excelin Health — a home health and hospice platform — has acquired On My Care. The Fremont, California-based On My Care is an agency that offers skilled nursing, physical, occupational, and speech therapy, as well as social worker and home aide services. The deal further expands Excelin’s footprint in California, […]
Pennant acquires Bozeman home health provider, Twin Falls senior living asset The Pennant Group Inc. (Nasdaq: PNTG) announced last week that it has acquired the assets of First Choice Home Health, a home health and personal care services provider in Bozeman, Montana. “This acquisition complements our existing hospice operations in the state, expanding the continuum […]
Amedisys names Nick Muscato as chief strategy officer Amedisys Inc. (Nasdaq: AMED) announced this week the promotion of Nick Muscato to chief strategy officer. Moscato most recently served as the senior vice president of finance with Amedisys and has been responsible for leading investor relations. “[Nick] brings a wealth of expertise to the team and […]
Kendal at Home expands its footprint in Massachusetts, Kentucky Kendal at Home, an at-home care provider that follows the CCRC-without-walls model, is expanding. The nonprofit announced this week that it has expanded its services to include residents in the Boston area of Massachusetts and Northern Kentucky. “Our presence in Massachusetts and Ohio has built over […]
When Walgreens Boots Alliance (Nasdaq: WBA) invested $1 billion into VillageMD, it was largely viewed as a way for Walgreens to enhance its primary care approach, especially in underserved communities. But in July of 2020, on the day the investment was announced, VillageMD CMO Dr. Clive Fields made it known that a large part of […]
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