CVS buying spree continues with $10.6B Oak Street deal,CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. With its latest acquisition, CVS Health Corp. aims to capitalize on the federal government’s interest in cutting costs and improving the health of people in its Medicare program.
CVS buying spree continues with $10.6B Oak Street deal
CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion. The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year. With its latest acquisition, CVS Health Corp. aims to capitalize on the federal government’s interest in cutting costs and improving the health of people in its Medicare program.
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