CVS Health Looks to Private Equity Firm for Support in Expanding Oak Street Health Services
CVS Health Corp is seeking financial support from a private equity firm to expand Oak Street Health, a primary care provider that it acquired for $9.5 billion last year. The company has announced plans to double the number of clinics to 300 by 2026 and increase the number of Oak Street patients over time. While discussions with financial advisers are ongoing, there is no guarantee that a deal will be reached.
In February, CVS announced its plans to expand Oak Street Health’s services and reach more patients. The potential partnership with a private equity firm could be a significant step in achieving these growth goals for the primary care provider. CVS has not yet responded to a request for comment from Reuters.
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