VillageMD to Acquire Summit Health-CityMD for ~$8.9B

VillageMD Acquires Starling Physicians

March 1, 2023

Healthcare Services

VillageMD has acquired Starling Physicians, a Connecticut-based primary care and multi-specialty physician group with more than 30 locations, to expand its Northeast footprint and integrate primary and specialty care under its value-based care model. The deal closed on March 1, 2023; terms were not disclosed.

VillageMD Acquires Primary Care Medical Associates in Chicago

January 26, 2021

Healthcare Services

VillageMD, through its Village Medical subsidiary, is acquiring Primary Care Medical Associates (Dr. Robert Perlmuter’s primary care practice) and will open a new Village Medical clinic at 1460 N. Halsted Street in Chicago. The transaction brings Dr. Perlmuter and his six-provider team into Village Medical as VillageMD expands its value-based primary care footprint into the Chicago market.

Harbor Health Acquires 32 VillageMD Clinics Across Texas

September 18, 2025

Healthcare Services

Harbor Health, an Austin-based primary and specialty care clinic group and insurance company, is acquiring 32 clinics from VillageMD, expanding its Texas footprint into San Antonio, El Paso and Dallas. The deal increases Harbor Health’s clinic count from 11 to 43, adds more than 80 clinicians, and supports expansion of its integrated care-and-insurance offerings across the state.

CVS Health to Acquire Oak Street Health for $10.6 Billion

February 8, 2023

Healthcare Services

CVS Health and Oak Street Health have entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction valued at approximately $10.6 billion ($39 per share). The deal is subject to approval by Oak Street Health stockholders, regulatory approvals, and customary closing conditions, with CVS anticipating closing in 2023.

VillageMD Acquires Ocean State Healthcare from New Harbor Capital

March 19, 2021

Healthcare Services

VillageMD, through its Village Medical subsidiary, has acquired Ocean State Healthcare from private equity firm New Harbor Capital. Ocean State Healthcare — a Rhode Island primary care network with 68 clinical providers across 12 locations serving ~200,000 patients annually — will become part of Village Medical as VillageMD expands its value-based primary care footprint in the state.

Summit BHC Acquires Seven Psychiatric Hospitals from Strategic Behavioral Health

January 6, 2022

Healthcare Services

Summit BHC, a national provider of behavioral health and addiction treatment services, has acquired seven inpatient psychiatric hospitals (613 beds total) from Strategic Behavioral Health. The deal expands Summit's footprint into New Mexico, North Carolina, and Wisconsin and increases its presence in Iowa, Tennessee, and Texas; terms were not disclosed.