Announced
Completed
Financials
Tags
health care
Health Care Services
Public
hospital
Friendly
United States
Health Diagnostics
Acquisition
Domestic
Majority
Single Bidder
Completed
Private Equity
Synopsis
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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