VillageMD

What VillageMD does

VillageMD is a Chicago-based, privately held provider of value-based primary care services serving more than 1.6 million patients across 26 U.S. markets. Founded in 2013 and operating through its Village Practice Management Company, LLC legal entity, the company delivers care via a multi-channel model: freestanding Village Medical clinics, co-branded Village Medical at Walgreens clinics inside Walgreens pharmacy locations, Village Medical at Home for homebound patients, telehealth/virtual visits, plus integrated pharmacy and physical therapy services. Following the January 2023 acquisition of Summit Health-CityMD, VillageMD also operates a multi-specialty and urgent care footprint under the Summit Health and CityMD brands.

Underlying care delivery is the patent-pending docOS operating platform, which integrates clinical data, remote patient monitoring feeds, and EMR inputs to give physicians 360-degree patient views and identify care gaps. VillageMD's revenue model is dominated by value-based contracts with Medicare, commercial payers, and accountable care organizations, including participation as the largest sponsor in the CMS Direct Contracting program. The company manages approximately $4 billion in total medical spend and serves 56,000+ Medicare beneficiaries through Direct Contracting, with capitated and global payment arrangements replacing traditional fee-for-service volume incentives.

Strategically, VillageMD grew through a $5.2 billion Walgreens Boots Alliance investment in October 2021, the $8.9 billion Summit Health-CityMD acquisition in January 2023, and a sustained cadence of bolt-on practice acquisitions and geographic expansions. In August 2025, Sycamore Partners completed its leveraged buyout of Walgreens Boots Alliance, and VillageMD emerged as an independent standalone company under private equity ownership, retaining its distribution relationship and value-based care strategy.

Name

VillageMD

Legal name

Village Practice Management Company, LLC

Website

https://villagemd.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

VillageMD is a Chicago-based value-based primary care provider serving 1.6 million+ patients across 26 U.S. markets through freestanding clinics, Walgreens co-located sites, home visits, and telehealth, supported by its docOS platform and managing $4 billion in medical spend.

Ownership category

akta.pro rank

Product category

Value-Based Primary Care Services

NAICS

Nursing Care Facilities (Skilled Nursing Facilities) (62311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)

SIC

Services-Home Health Care Services (8082)

akta.pro primary industry

Chronic Care & Remote Patient Monitoring (RPM) Platforms (HLALABAF)

akta.pro secondary industry

Home Health Remote Patient Monitoring & Virtual Nursing Providers (HLAFAEAN)

Keywords

• Value-based primary care
• Primary care services
• Chronic disease management
• Telehealth primary care
• Integrated care delivery

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Value-Based Care Contracts: VillageMD generates revenue through value-based care contracts with Medicare, commercial payers, and accountable care organizations. The company earns payments based on managing total cost of care and quality outcomes rather than fee-for-service volume.
2. Capitation and Global Payments: Manages $4 billion in total medical spend in value-based contracts, receiving capitated or global payments to coordinate patient care across primary care, specialty care, and pharmacy services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

VillageMD is a national provider of value-based primary care services that operates primary care clinics (Village Medical), co-located clinics within Walgreens pharmacies, in-home primary care visits, and virtual/telehealth visits. The company provides tools, technology, operations, and staffing support to physicians and manages over $4 billion in total medical spend through capitation and global payments with Medicare, commercial payers, and accountable care organizations.

Product overview

VillageMD is a leading national provider of value-based primary care services operating through a platform-plus-modules architecture. The core offering centers on Village Medical primary care services, which include traditional freestanding clinics (Village Medical), co-located Walgreens clinics (Village Medical at Walgreens), in-home care (Village Medical at Home), telehealth (Village Medical Telehealth), pharmacy (Village Medical Pharmacy), and physical therapy. The company operates the proprietary docOS technology platform, which integrates patient data across care settings to provide physicians with comprehensive health profiles and identify gaps in care. Following the $8.9 billion acquisition of Summit Health-CityMD in January 2023, VillageMD expanded to include Summit Health multi-specialty practices and CityMD urgent care services, significantly broadening its geographic footprint and service scope. The company serves over 1.6 million patients across multiple markets and participates in CMS value-based care programs including Direct Contracting.

Differentiator

Problem solved

Functional benefit

Products and services

• Village Medical (Freestanding Clinics)
• Village Medical at Walgreens
• Village Medical at Home
• Village Medical Telehealth / Virtual Visits
• Summit Health
• CityMD
• Starling Physicians

Quantifiable outcome

• VillageMD ACOs achieved major savings for Medicare in 2023
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature1 record

Partnerships

Six partnerships are on record, tiered minor and core.

• COPD FoundationminorStrategic or Co-development Partner · 26 April 2024VillageMD partnered with the COPD Foundation in April 2023 to better identify and treat COPD patients, supporting patients through Medicare Annual Enrollment Period.
• National Institutes of Health (NIH)minorStrategic or Co-development Partner · 6 June 2023VillageMD was selected for a new NIH-funded study in June 2023 to identify undiagnosed Alzheimer's Disease and Related Dementias.
• Best Buy HealthminorStrategic or Co-development Partner · 21 April 2023VillageMD collaborated with Best Buy Health as discussed at HIMSS23, with executives seeing collaboration as critical to future of healthcare.
• Point32HealthminorStrategic or Co-development Partner · 29 November 2022VillageMD collaborated with Point32Health in November 2022 to expand access to health care in Massachusetts.
• Summit Health-CityMDcoreStrategic or Co-development Partner · 7 November 2022VillageMD acquired Summit Health-CityMD in an $8.9 billion deal, creating one of the largest independent provider groups in the U.S. with more than 680 provider locations across 26 markets. Summit Health is a multispecialty medical practice and parent of CityMD urgent care.
• Blue Cross Blue Shield of MassachusettsminorStrategic or Co-development Partner · 25 August 2022Blue Cross Blue Shield of Massachusetts collaborated with VillageMD to expand its high-quality primary care offering in the Commonwealth.

Scale indicators7 records

Recent moves27 records

Expansion highlights6 records

Direct peers

• Aledade: Physician enablement platform that partners with independent primary care practices to participate in ACO REACH and other value-based contracts. Comparable to VillageMD in serving capitated Medicare populations through technology-enabled risk arrangements, though operates a partnership rather than owned-clinic model.
• ChenMed: Family-owned value-based primary care group serving Medicare-eligible seniors through owned clinics across multiple states. Direct competitor to VillageMD's Village Medical senior-focused VBC model, with similar full-risk capitated contracting and proprietary clinical protocols for chronic disease management.
• Cano Health: Value-based primary care provider serving seniors and underserved Medicare/Medicaid populations through owned clinics and home visits. Competes directly with VillageMD in capitated senior primary care markets and has been pursuing similar M&A-led geographic expansion.
• Agilon Health: Partnership-based value-based care platform that contracts with independent primary care physician groups to take on full risk for Medicare patients. Comparable to VillageMD in capitated senior care economics and population health focus, but enables affiliated PCPs rather than owning all clinics directly.
• Oak Street Health (CVS Health): Value-based primary care provider focused on Medicare seniors, operating risk-bearing clinics across the U.S.; acquired by CVS Health in 2023 for ~$10.6B. Direct competitor to VillageMD in capitated senior primary care, with overlapping patient populations and contracting strategies.
• P3 Health Partners: Value-based care platform focused on Medicare seniors, operating owned and affiliated primary care clinics with full-risk contracts. Direct peer to VillageMD in capitated senior primary care delivery, though at smaller scale and with less geographic diversification.
• Humana CenterWell Senior Primary Care (Conviva): Humana-owned value-based senior primary care platform operating clinics under the CenterWell and Conviva brands. Operates as a payer-aligned primary care group with similar Medicare focus, capitation economics, and chronic disease management emphasis as VillageMD's Village Medical.
• One Medical (Amazon): Membership-based primary care platform combining in-clinic, virtual, and at-home visits with technology-enabled workflows; acquired by Amazon in 2023 for ~$3.9B. Closely comparable to VillageMD in offering integrated in-person, telehealth, and home-based primary care supported by proprietary technology.

Broad incumbents

• Privia Health: Physician enablement company operating multi-specialty medical groups and VBC contracts across more than 1,000 locations. Comparable to VillageMD's practice-affiliation and risk-bearing contracting model, with broader specialty exposure and multi-payer footprint rather than VillageMD's senior-primary-care focus.

Others

• Walgreens Boots Alliance: Former majority owner of VillageMD (acquired for ~$23.7B by Sycamore Partners in August 2025) and exclusive retail-clinic partner through the Village Medical at Walgreens co-branded model. Comparable as the distribution channel partner rather than direct clinical competitor, and an ecosystem participant whose footprint decisions directly shape VillageMD's clinic strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLMfMBgGOTEzGwoPBbHZgcFUfqJBgbXHGx
• Xx.com/VillageMD
• Facebookfacebook.com/pcvillagemd
• LinkedInlinkedin.com/company/villagemd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VillageMD