CVS Heath Corp. is expanding a health care network that now stretches from insurance and benefits providers, to your local pharmacy, to a thriving network of 169 clinics in MOBs providing care to nearly 160K people as of the end of last year.
The Woonsocket, RI-based company has agreed to acquire Oak Street Health for an enterprise value of $10.6B, CVS' second major health care acquisition in the past two years, according to a report in Bloomberg.
Chicago-based Oak Street Health is a rapidly expanding its national network of 169 centers. The health care provider, which went public in 2020, is executing a strategy of "reinventing care" for Medicare patients with low incomes and chronic health problems.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
