doctors by acquiring physician groups across the country. Humana has been building out its own fleet of clinics in a joint venture with a private equity firm.CVS is late to the primary-care game. While it already had in-store clinics that offered screenings and care for chronic illnesses from nurse practitioners and pharmacists, it had stopped short of employing doctors.
Oak Street is unprofitable now, but Guertin said the primary-care company is projected to have more than $2 billion in earnings before interest, taxes, depreciation, and amortization by 2026.CVS has a lot of work to do to expand Oak Street's reach and integrate the business. The deal also leaves out a large group: the nearly 20 million Aetna members who get their insurance from their jobs, on the Affordable Care Act individual marketplace, or from state Medicaid programs.
Owen Tripp, the CEO of Included Health, a virtual care and care-navigation company, said that while it's exciting that CVS is betting big on primary care, it's a missed opportunity to focus on just one group of people.
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