Private Equity Partner for Oak Street Health: CVS Health’s Search
According to recent reports, CVS Health Corp has been in talks with financial advisors to secure funding for the expansion of Oak Street Health, a primary care provider that the company acquired a year ago. The discussions are said to be in the early stages, and there is no certainty that a deal will materialize or that its structure will remain unchanged.
In February of last year, CVS acquired Oak Street Health for approximately $9.5 billion with plans to expand the business to 300 clinics by 2026 and to increase the number of patients served over time. However, it seems that the company is now looking for a private equity partner to support its growth strategy.
CVS has not yet responded to requests for comment on this matter, but its efforts indicate its commitment to supporting the growth and development of Oak Street Health as part of its broader healthcare services strategy.
