Walgreens Is Adding CityMD to Its Medical Clinic Portfolio in $8.9 Billion Deal
On Monday, VillageMD, a subsidiary of Walgreens, reached a deal to purchase CityMD, a chain of 370 clinics owned by parent company Summit Health. Scott Heins I Getty ImagesCityMD in New York City. The deal is worth $8.9 billion, per a press release from VillageMD and Summit Health. Investors applauded the news: Walgreens’ shares jumped…