CNN February 9, 2023
New York CNN — CVS is buying a primary care doctor’s network, moving the pharmacy deeper into providing physician services for patients.
The company announced Wednesday that it plans to pay $10.6 billion to acquire Oak Street Health, a primary care provider mainly for adults on Medicare Advantage. Oak Street has 160 health care clinics in 21 states.
Medicare Advantage, also known as Medicare Part C, is a type of Medicare health plan offered by a private company that contracts with Medicare. It enrolls nearly half of all Medicare beneficiaries.
CVS for years built out retail stores and basic MinuteClinics. It also became a pharmacy benefits’ manager. In 2018, CVS bought Aetna, making it one of the largest health...
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