Skip to main content

CVS Health completes acquisition of Oak Street Health

Oak Street Health will continue to operate as a multi-payer primary care provider as part of CVS Health.
Levy

CVS Health has acquired Oak Street Health.

The acquisition will broaden CVS Health’s value-based primary care platform and significantly benefit patients’ long-term health by improving outcomes and reducing costsparticularly for those in underserved communities, the company said.

[Read more: CVS Health reportedly inching closer to Oak Street Health acquisition for $10.5B]

On Feb. 8, 2023, CVS Health announced it entered into a definitive agreement to acquire Oak Street Health in an all-cash transaction for $39 per share, representing an enterprise value of approximately $10.6 billion. The company financed the transaction with borrowings of $5 billion from a term loan agreement entered into on May 1, 2023, and existing cash and available resources. CVS Health said it is committed to maintaining its current credit ratings.

[Read more: CVS Health to acquire Oak Street Health for $10.6B]

Oak Street Health will continue to operate as a multi-payer primary care provider as part of CVS Health.

X
This ad will auto-close in 10 seconds