Cigna’s Evernorth, which holds a minority stake, could be a logical choice to increase its ownership in VillageMD, analysts said. Cigna did not respond to a request for comment. The company wrote off $1.8 billion of its VillageMD investment in May. Private equity firms will also likely show interest, as could other clinic operators, analysts said. Keonhee Kim, equity analyst at investment firm Morningstar, said CVS Health could also consider purchasing a stake as a way to grow its footprint. CVS, which also owns insurer Aetna and pharmacy benefit manager CVS Caremark, has said it is still committed to primary care, even as other retailers back away from the model.
Read the full article: Who Might Invest in VillageMD? //
Source: https://www.modernhealthcare.com/providers/walgreens-villagemd-majority-stake-cigna-evernorth