CVS Health to Acquire Oak Street Health

Acquisition further advances CVS Health’s care delivery strategy for consumers CVS Health® (NYSE: CVS) and Oak Street Health (NYSE: OSH) have entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. Oak Street Health is a leading multi-payor, value-based primary care company helping older adults stay healthy and live life more fully. With an innovative care model and technology platform designed to deliver consistently superior outcomes and patient experiences, Oak Street Health has demonstrated that its model is scalable. Bringing CVS Health and Oak Street Health together can significantly benefit patients’ long-term health by reducing care costs and improving outcomes – particularly for those in underserved communities. Oak Street Health centers are located where health care services are needed most; more than 50 percent of Oak Street Health’s patients have a housing, food or isolation risk factor. “Combining Oak Street Health’s platform with CVS Health’s unmatched reach will create the premier value-based primary care solution,” said CVS Health President and CEO, Karen S. Lynch. “Enhancing our value-based offerings is core to our strategy as we continue to redefine how people access and experience care that is more affordable, convenient and connected.” Oak Street Health employs approximately 600 primary care ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Ambulatory Health IT Company Healthcare IT Centerview Partners Credit Suisse Securities (USA) LLC CVS CVS Health Dechert LLP Direct to Consumer Healthcare DTC Healthcare EBITDA EPs General Atlantic LLC Health Care Delivery Organi Source Type: blogs