CVS Health Corp. is close to an agreement to acquire Oak Street Health Inc. for about $10.5 billion including debt, a deal that would rapidly expand the big healthcare company’s footprint of primary-care doctors with a large network of senior-focused clinics, according to people with knowledge of the matter. The companies are discussing a price of about $39 a share, the people said. The deal, if it goes through, could be announced as soon as this week, they said. The agreement would come on the heels of CVS’s $8 billion agreement to acquire home-care provider Signify Health Inc. Together, the two acquisitions would push CVS, the parent of its namesake pharmacies as well as the huge Aetna health-insurance operation and a pharmacy-benefit manager, far deeper into the direct provision of healthcare.
Read the full article: CVS Nearing $10.5B Deal for Primary-Care Provider Oak Street Health //
Source: https://www.wsj.com/articles/cvs-nearing-10-5-billion-deal-for-primary-care-provider-oak-street-health-11675727217