CVS buying spree continues with $10.6B Oak Street deal

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CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion.

 

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A CVS acquisition of Oak Street 'would make sense,' analysts sayCVS Health is reportedly getting close to buying Oak Street Health for $10.5 billion
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Breakingviews - CVS pays exorbitant $10 bln price to diversifyCVS Health keeps marching ahead with its plan to create an American healthcare colossus. Its latest acquisition involves paying $10.6 billion, including debt, to buy Oak Street Health . The company, which runs 169 primary care clinics treating older patients, might generate both extra revenue and some savings for various parts of its proposed new owner. The price tag, however, presupposes too much success.
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WSJ News Exclusive | CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street HealthCVS is nearing a $10.5 billion deal to acquire primary-care provider Oak Street Health, people familiar with the matter say Conflict of interest IMHO. They are the high cost pharmacy and should be rejected. IMHO.
Source: WSJ - 🏆 98. / 63 Read more »

Oak Street Health shares jump more than 35% on report that CVS is nearing acquisitionOak Street Health Inc. shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. was nearing a $10.5 billion acquisition of...
Source: MarketWatch - 🏆 3. / 97 Read more »

CVS nearing $10.5 bln deal for primary-care provider Oak Street Health - WSJCVS Health Corp is close to an agreement to buy primary care center operator Oak Street Health Inc for about $10.5 billion including debt, the Wall Street Journal reported on Monday, citing people familiar with the matter. I wonder how many lives will be lost as two inefficient services consolidate their flaws.
Source: Reuters - 🏆 2. / 97 Read more »

CVS Reaches $10.6 Billion Deal to Buy Clinic Owner Oak Street HealthCVS, the parent of the national pharmacy chain and Aetna health insurance, has agreed to pay $10.6 billion including debt for Oak Street Health, its doctors, nurse practitioners and health clinics Shouldn't they be more worried about paying states the money they owe for the opioid crisis We are seeing less and less independent doctors that can come to their own decisions. Group thinking in the medical field Some background on OakStreetHealth business model
Source: WSJhealth - 🏆 413. / 53 Read more »