CVS Health is shuttering 16 Oak Street Health Centers, or 7% of the total number of the senior-focused primary care locations the company operates across the U.S. Citing “elevated medical costs” as one major reason for the closures of the Oak Street facilities, CVS’ decision comes as Walgreens exits the primary care business and a decision last year by Walmart to shutter dozens of in-store clinics. Healthcare has entered a period of rising medical costs, particularly from older adults insured by Medicare or private Medicare Advantage plans who are seeking healthcare services at a higher rate. That has forced health insurers to more closely monitor their expenses and, in turn, squeeze what they pay providers of medical care.
Read the full article: CVS to Close 16 Oak Street Health Centers amid Industry Cost Issues //
Source: https://www.forbes.com/sites/brucejapsen/2025/10/24/cvs-to-close-16-oak-street-health-centers-amid-industry-cost-issues/