May 23 (Reuters) - CVS Health Corp ( CVS ) has been
seeking a private equity partner to fund growth at Oak Street
Health, a primary care provider it bought a year ago, Bloomberg
News reported on Thursday.
The company has been working with financial advisers to help
find capital to back new clinics that will be opened by Oak
Street, Bloomberg News reported, citing people familiar with the
matter.
The report said the deliberations are preliminary, the
structure could change and there is no guarantee a deal will be
reached.
The U.S. healthcare conglomerate bought Oak Street Health
for about $9.5 billion in February last year.
CVS had said in February it planned to nearly double the
business to 300 clinics by 2026 and aimed to grow the number of
Oak Street patients over time.
CVS did not immediately respond to a Reuters request for
comment.