CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per ...

All speculations have been put to rest as CVS Health (NYSE:CVS) said it was acquiring Oak Street Health (NYSE:OSH) in an all-cash deal at $39 per share, representing an enterprise value of ~$10.6B.

Oak Street Health’s losses grew in 2022 to almost $510 million as the value-based primary care company, which is pending an acquisition by CVS Health, continued to aggressively pursue growth.

The acquisition is expected to close later this year, pending regulatory approval. The companies said that bringing CVS and Oak Street together will improve patients’ health while reducing the ...

CVS Health said Wednesday that it will spend about $10.6 billion to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients. The acquisition comes just ...