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Walgreens-backed VillageMD close to $9B deal with Summit, WSJ reports

Walgreens (WBA)-backed VillageMD is nearing a deal to combine with Summit Health, the parent company of CityMD urgent care centers, in a transaction worth roughly $9B including debt, The Wall Street Journal’s Laura Cooper reports. According to people familiar with the matter, an agreement that could be reached as early as Monday, and Cigna (CI) is expected to invest in the combined company. Reference Link

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