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CVS’ purchase of Oak Street Health would help the pharmacy’s primary-care goals, analysts say

2
Jaimy Lee
·3 min read
CVS’ purchase of Oak Street Health would help the pharmacy’s primary-care goals, analysts say

CVS Health is reportedly getting close to buying Oak Street Health for about $10.5 billion in a deal that further highlights the land grab to own the primary care market in the U.S. Oak Street’s (OSH) stock was up about 33% in premarket trading on Tuesday, the day after a Wall Street Journal report said CVS may spend $39 a share to acquire Oak Street, which provides medical care to people covered by Medicare. “We would expect the company to be looking at any and all available public and private primary care assets at this juncture,” Bank of America’s Michael Cherny wrote in an investor note on Tuesday.

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