Walgreens Boots Alliance’s (NASDAQ:WBA) subsidiary Village Practice Management is likely to close a deal to merge with Summit Health soon, according to a Wall Street Journal report. The deal is expected to be worth about $9 billion, including debt. Village Practice Management, widely known as VillageMD, partners with primary care physicians to provide healthcare management services. Summit Health, formed by a merger between Summit Medical Group and CityMD, caters to all primary and specialty care needs of patients. Cigna Corp. (NYSE:CI) is likely to invest in the combined company. However, the WSJ report also informed of the possibility of the deal talks failing, as both parties continue to discuss the terms.
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