Salem Radio Network News Monday, March 27, 2023


CVS buying spree continues with $10.6B Oak Street deal


( ) -q-22- UNDATED (Correspondent Jeremy House) “65 and older.”

CVS Health is plunging deeper into providing primary care with an approximately $10.6 billion deal to acquire Oak Street Health.

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TAG: Correspondent Jeremy House reporting.

VERBATIM: The drugstore chain and health insurer says it will pay $39 per share in cash for each share of Oak Street Health in a deal expected to close this year. Oak Street Health runs primary care centers mostly for lower-to-middle income people with Medicare Advantage plans. Those are privately run versions of the federal government’s program for people aged 65 and older.

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