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Walgreens Boots Alliance's Unit Close To Merging with Summit Health In $9B Deal

Benzinga

Walgreens Boots Alliance Inc's (NASDAQ: WBA ) Village Practice Management is reportedly close to around a $9 billion deal with Summit Health , the parent company of CityMD urgent-care centers. Warburg Pincus LLC -backed Summit Health has more than 370 locations in New York, New Jersey, Connecticut, Pennsylvania, and Central Oregon.

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Meta Goes Twitter Way With Layoffs, Twitter Might Want Some People Back After Firing Them, Coal Miners Terminate $6B Combination Discussions: Top Stories Monday, Nov. 07

Benzinga

The Mark Zuckerberg -led company, which has more than 87,000 employees as of September-end, could lay off thousands and has asked its staff to cancel nonessential travel beginning this week. Health insurer Cigna Corp (NYSE: CI ) is expected to invest in the combined company.