With Rumored Merger, Walgreens May Be Inching Closer to Urgent Care Territory

Having already staked a solid claim to primary care by investing heavily in VillageMD and announcing its intention to build a thousand clinics within its pharmacies over the next 5 years, Walgreens is said to be looking at a merger with CityMD’s parent company Summit Health. Both Healthcare Dive and Bloomberg have reported that such a deal could be finalized within weeks, resulting in a company whose value would range from $5 billion and $10 billion. As noted in the Healthcare Dive piece, Walgreens has been casting a wide net in the overall healthcare marketplace for several years now; in addition to its core retail drugstore business and VillageMD, the company also as at-home care company CareCentrix and specialty pharmacy provider Shields Health Solutions.