- CVS Health is closing in on a deal to acquire Medicare-focused primary care company Oak Street Health for about $10.5 billion including debt. Per the Wall Street Journal, if the companies agree to the terms, the deal could be announced as soon as this week. Oak Street Health shares jumped more than 35 percent in late trading Monday following the article. In addition to the Oak Street Health deal, CVS Health announced last month it is investing in Carbon Health to pilot its primary and urgent care clinic model in CVS Health’s retail stores. (Article here)
February 7, 2023
M&A