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Cigna-Walgreens Joint Venture Means New Risk-Based Contracting Test

  • Nov 18
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    Nov 18, 2022

    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.  Read more
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    • Peter Johnson

    Peter has worked as a journalist since 2011 and has covered health care since 2020. At AIS Health, Peter covers trends in finance, business and policy that affect the health insurance and pharma sectors. For Health Plan Weekly, he covers all aspects of the U.S. health insurance sector, including employer-sponsored insurance, Medicaid managed care, Medicare Advantage and the Affordable Care Act individual marketplaces. In Radar on Drug Benefits, Peter covers the operations of (and conflicts between) pharmacy benefit managers and pharmaceutical manufacturers, with a particular focus on pricing dynamics and market access. Before joining AIS Health, Peter covered transportation, public safety and local government for various outlets in Seattle, his hometown and current place of residence. He graduated with a B.A. from Colby College.

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