CVS Health To Acquire Oak Street Health For $10.6 Billion

On February 8, 2023, CVS Health and Oak Street Health entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction valued at $10.6 billion. CVS Health agreed to pay $39 per share. Oak Street Health is a multi-payor, value-based primary care company focused on older adults. CVS Health is a health solutions company that offers services ranging from health insurance plans to retail pharmacy, pharmacy benefit management services, and in-store and telehealth health services. CVS Health expects to fund the transaction through available resources and its existing . . .