Oak Street Health, a primary care provider acquired by CVS Health Corp a year ago, is reportedly in search of a private equity partner to support its growth. According to Bloomberg News, the company has been collaborating with financial advisers to secure funding for the opening of new clinics.
While discussions surrounding this potential partnership are in the early stages, there is no certainty that a deal will materialize or that its structure will remain unchanged. CVS acquired Oak Street Health for approximately $9.5 billion in February of last year, with plans to expand the business to 300 clinics by 2026 and to increase the number of patients served over time.
CVS has not yet responded to requests for comment on this matter. The company’s efforts to find a private equity partner indicate its commitment to supporting the growth and development of Oak Street Health as part of its broader healthcare services strategy.
