OSH - CVS close to acquiring Oak Street Health for $10.5B - WSJ
- CVS Health ( NYSE: CVS ) appears to be close to a deal to acquire Oak Street Health ( NYSE: OSH ) for ~$10.5B, The Wall Street Journal reported.
- A potential acquisition would value Oak Street ( OSH ) at $39/share. Given the company's Monday's close of $25.96, the deal is a ~50% premium.
- Oak Street ( OSH ) is up 37% in Monday postmarket trading.
- If the deal goes through, it would give CVS ( CVS ) access to primary care clinics that are geared toward seniors .
- In January, a report from Bloomberg said CVS ( CVS ) was preparing a $10B offer, only for the Axios to report eight days later than a deal was likely not in the cards.
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CVS close to acquiring Oak Street Health for $10.5B - WSJ