CVS Heath Corp. is expanding a health care network that now stretches from insurance and benefits providers, to your local pharmacy, to a thriving network of 169 clinics in MOBs providing care to nearly 160K people as of the end of last year.
The Woonsocket, RI-based company has agreed to acquire Oak Street Health for an enterprise value of $10.6B, CVS' second major health care acquisition in the past two years, according to a report in Bloomberg.
Chicago-based Oak Street Health is a rapidly expanding its national network of 169 centers. The health care provider, which went public in 2020, is executing a strategy of "reinventing care" for Medicare patients with low incomes and chronic health problems.
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