VillageMD acquires 30-location practice in Connecticut

VillageMD, which is majority owned by Walgreens, has acquired a 30-location medical group in Connecticut as it continues its rapid expansion around the country.

Advertisement

CEO and Chair Tim Barry called the deal for Starling Physicians a “natural extension” of VillageMD’s growth in the Northeast, which includes the recent $8.9 billion acquisition of primary and urgent care company Summit Health. VillageMD had more than 680 practice locations before this move.

“The value-based care delivery model, coupled with our broad multispecialty healthcare platform, will result in improved clinical outcomes for our patients and healthier local communities while lowering the cost of care,” said Christopher Russo, MD, a member of the Starling board and chair of its finance committee, in a March 3 news release.

Starling offers primary care and specialties including cardiology, ophthalmology, endocrinology, nephrology and geriatrics.

Terms of the deal, which closed March 1, were not made public.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Disruptors

  • Amazon is looking for healthcare AI and cybersecurity specialists and a leader to head provider partnerships for Amazon Pharmacy. Here…

  • Several startups with a footprint in healthcare made CNBC’s annual Disruptor 50 rankings May 19, with one AI giant surpassing…

Advertisement

Comments are closed.