(CercleFinance.com) – Walgreens Boots Alliance announced Monday that its VillageMD healthcare center subsidiary will acquire Summit Health-CityMD in a deal valued around $8.9 billion.
In a press release, the pharmacy and drugstore brand explains that the transaction will enable it to strengthen its position in the American health market, where Summit Health operates primary care, specialty and emergency centers.
With the acquisition of Summit Health-CityMD, which has a strong presence in the northeastern United States and Oregon, VillageMD will have more than 680 facilities in 26 states.
Following this acquisition, Walgreens Boots Alliance raised its 2025 revenue target for the healthcare segment in the United States to $14.5-16 billion from $11-12 billion. billion previously.
With a gain of 2.5%, the title WBA signed my second strongest increase of the Dow Jones index Monday morning.
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