CVS Health Corp is looking to partner with a private equity firm to support the growth of Oak Street Health, a primary care provider that it acquired a year ago. The company is in talks with financial advisers to secure capital for new clinics that will be opened by Oak Street. While these discussions are still in the early stages and the terms may change, there is no guarantee that a deal will be reached.
In February, CVS announced its plans to expand Oak Street Health by almost doubling the number of clinics to 300 by 2026 and increasing the number of Oak Street patients over time. Last year, CVS Health Corp purchased Oak Street Health for approximately $9.5 billion. The company has not yet responded to a request for comment from Reuters.
Overall, CVS is seeking financial support to help Oak Street Health expand its services and reach more patients. The potential partnership with a private equity firm could be a significant step in achieving these growth goals for the primary care provider.
