CVS Health Corp. is close to an agreement to acquire Oak Street Health for about $10.5 billion including debt, a deal that would rapidly expand the big healthcare company’s footprint of primary-care doctors with a large network of senior-focused clinics, The Wall Street Journal reports, citing people with knowledge of the matter.
The companies are discussing a price of about $39 a share, the people said. The deal, if it goes through, could be announced as soon as this week. The agreement would come on the heels of CVS’s $8 billion agreement to acquire home-care provider Signify Health. Together, the two acquisitions would push CVS, the parent of its namesake pharmacies as well as the huge Aetna health-insurance operation and a pharmacy-benefit manager, far deeper into the direct provision of healthcare. Read more.
