Reported 6 months ago
CVS Health Corp is reportedly seeking a private equity partner to fund the growth of Oak Street Health, a primary care provider it acquired last year. The company is working with financial advisers to secure capital for new clinics to be opened by Oak Street. While the discussions are in the early stages and the deal structure could change, there is no guarantee of an agreement. This potential partnership would help alleviate the financial burden of expanding Oak Street Health's clinic network, according to Leerink Partners analyst Michael Cherny. CVS had acquired Oak Street Health for around $9.5 billion in February 2023 and aims to increase the number of clinics to 300 by 2026.
Source: YAHOO