HUM - CVS Health Seeks Private Equity Partner for Oak Street Health Expansion | Benzinga
CVS Health Corp. (NYSE:CVS) is reportedly seeking a private equity partner to fund the expansion of Oak Street Health, the $10.6 billion primary care provider it acquired last year.
The company is working with financial advisers to secure capital for new Oak Street clinics and is contacting several private equity firms about a potential joint venture.
Oak Street Health focuses on serving seniors in privately managed Medicare plans.
The new clinics typically incur losses for the first few years while recruiting patients. A joint venture could help manage these initial losses by taking them off CVS’ ...