CVS Health’s reported search for a private equity partner to fund Oak Street Health grabbed industry watchers’ attention, but they cautioned against jumping to the conclusion that trouble is brewing at the primary care provider. Bloomberg recently reported CVS has been working with financial advisers to find capital to back the new clinics, including joint venture opportunities with private equity investors, according to “people familiar with the matter.” A CVS spokesperson declined to comment on “rumors or speculation” and said last week the company remains committed to expanding Oak Street’s clinic footprint. One of the big questions is if anything has changed for CVS in the year since acquiring Oak Street, said Jeff Goldsmith, president of consultancy Healthcare Futures.
Read the full article: How CVS’ Oak Street Bet Might Play out with Private Equity //
Source: https://www.modernhealthcare.com/providers/cvs-health-oak-street-private-equity-investment