Clive K. Fields, MD
The VillageMD Walgreens Entanglement
Co-Founder & CMO, VillageMD
Overview
Co-founded VillageMD in 2013, which became majority-owned by Walgreens Boots Alliance, then participated in a $8.9B acquisition of Summit Health-CityMD with Cigna/Evernorth taking a minority stake. Walgreens was subsequently acquired by private equity firm Sycamore Partners for $10B+, making VillageMD a standalone PE-owned entity. His committee role gives him influence over the Medicare payment policy that drives VillageMD's value-based contracts.
Career Arc
Professional Timeline
2013–Present
Co-Founder & CMO
VillageMD
Physician executive
Accountable Care Coalition of Texas
Inherited Village Family Practice
Founded 1975, Houston
Associate Professor
Baylor College of Medicine and UT Houston
Business Interests & Affiliations
- •VillageMD — 680+ locations, 20,000 employees post-Summit acquisition.
- •Walgreens majority ownership → $8.9B Summit Health-CityMD acquisition with Cigna/Evernorth minority stake.
- •2025: Sycamore Partners acquires Walgreens, VillageMD becomes standalone PE entity.
- •Three-time Modern Healthcare "100 Most Influential." AAFP Physician Executive of the Year 2018.
Red Flags
Conflicts & Concerns
Co-founded what became a $9B acquisition target, now PE-owned. Committee role gives influence over Medicare payment policy driving VillageMD's contracts.
VillageMD's entire business model is Medicare Advantage risk-based primary care — exactly what the committee is chartered to advise on.
Cigna/Evernorth minority stake means the nation's second-largest insurer has a financial interest in VillageMD's policy outcomes.
Physician-Owned Hospital Relevance
VillageMD represents the aggregation of independent primary care practices into corporate platforms under MA value-based contracts — the model that displaces physician-owned independent practice. No stated interest in physician ownership restoration.
Sources