CVS Buying Spree Continues With $10.6 Billion Oak Street Deal

CVS Buying Spree Continues With $10.6 Billion Oak Street Deal
A CVS store sign in Pittsburgh on Feb. 3, 2023. Gene J. Puskar/AP Photo
The Associated Press
Updated:

CVS Health is plunging deeper into primary care services, buying primary care provider Oak Street Health for approximately $10.6 billion.

The drugstore chain said Wednesday it would pay $39 per share in cash for each share of Oak Street in a deal expected to close this year.