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Announced

Completed

CVS Health completed the acquisition of Oak Street Health from Newlight Partners and General Atlantic for $10.6bn.

Financials

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Transaction Value£8,815m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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health care

Health Care Services

Public

hospital

Friendly

United States

Health Diagnostics

Acquisition

Domestic

Majority

Single Bidder

Completed

Private Equity

Synopsis

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CVS Health, a health solutions company, completed the acquisition of Oak Street Health, a network of value-based primary care centers for adults, from investment firms Newlight Partners and General Atlantic, two investment firms, for $10.6bn. "Oak Street Health is a premier value-based primary care platform. We believe that in partnership with CVS Health, Oak Street Health can accelerate its growth and provide an attractive return to our shareholders over time. The pending acquisitions of Oak Street Health and Signify Health will also meaningfully advance our goal of adding 200 basis points of long-term adjusted operating income growth, a key commitment we made to shareholders at our December 2021 Investor Day," Shawn M. Guertin, CVS Health Chief Financial Officer.

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