The leaders of CVS Health are still scouring the market for a primary care platform to buy and help fuel their growth plans but said that companies they’re talking to aren’t yet in the same ballpark when it comes to the prices Rhode Island-based CVS is looking to pay, Healthcare Innovation reports.
CVS CFO Shawn Guertin late last year told analysts and investors that the company’s core growth scenario in primary care includes having a network of between 250 and 350 owned and/or enabled care centers by 2024. Starting down the path in 2022 toward that broad goal is still on the cards, he said this week on the heels of CVS’ first-quarter earnings report. But he added, “the valuation environment continues to present its own sets of challenges.”
