Deals
CVS Is Exploring a $10 Billion-Plus Acquisition of Oak Street Health
- Talks between CVS and primary care provider are ongoing
- CVS has been looking to expand more into health-care via deals
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CVS Health Corp. is exploring an acquisition of Oak Street Health Inc., which runs primary care centers for Medicare recipients, according to people familiar with the matter.
A deal could be reached within weeks that would value Oak Street at more than $10 billion, including debt, said the people, who asked to not be identified because the matter isn’t public. Talks between the companies are ongoing and could end without an agreement, the people said.