When Amazon acquired One Medical, we anticipated that we would see additional, non-traditional buyers in the primary care space. Names like CVS, Walgreens, and Walmart came to mind. CVS has already expanded outside of its traditional pharmacy role into the pharmacy benefit manager space with its acquisition of Caremark and into the insurance/payer space with its acquisition of Aetna. What these moves mean for the industry is that healthcare providers who traditionally were looking to sell to private equity/venture capitalist buyers now have a broad network of potential buyers for their practice

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