Cigna-Walgreens Joint Venture Means New Risk-Based Contracting Test
Cigna Corp. on Nov. 7 took a $2.5 billion position in VillageMD, a primary care provider owned by Walgreens Boots Alliance, Inc., contributing to VillageMD’s move to acquire a fellow provider. The Cigna investment is just the latest of a flurry of cash-funded insurer deals involving providers, tech startups and brick-and-mortar retail firms. Health care insiders say the spending spree is far from over, and that the deal is a chance for Cigna’s Evernorth division to field-test its value-based contracting services at its largest scale yet.
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