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.

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 ...

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.

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 ...