CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion.
With its latest acquisition, CVS Health Corp. aims to capitalize on the federal government's interest in cutting costs and improving the health of people in its Medicare program. "Solving that problem creates a massive, massive market opportunity for Oak Street Health," Pykosz said in January at an annual conference hosted by JPMorgan.
CVS Health Corp., based in Woonsocket, Rhode Island, has been expanding the amount of care it provides through its drugstores. Company leaders have been talking for well over a year about adding more primary care, as rival health care giants UnitedHealth Group and Walgreens have done. Walgreens and VillageMD are opening next to drugstores primary care centers that also target Medicare Advantage patients. Another insurer, Cigna, also invests in VillageMD.and recently said it was launching a subscription prescription drug service.
More mergers, less options.
You've made some very positive headway at cvspharmacy, michaelianblack
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: MarketWatch - 🏆 3. / 97 Read more »
Centene warns of hit to fast-growing Medicare Advantage business next yearCentene Corp on Tuesday said profit at its fast-growing Medicare Advantage (MA) business will take a beating in 2024 due to a sharp cut in its rating by a U.S. federal agency and likely lower-than-expected government payouts to health insurers.
Source: Reuters - 🏆 2. / 97 Read more »
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 »