financetom
Business
financetom
/
Business
/
CVS seeks private equity funding for Oak Street Health, Bloomberg reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CVS seeks private equity funding for Oak Street Health, Bloomberg reports
May 23, 2024 12:56 PM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Integer Holdings beats Q3 sales, profit estimates
Integer Holdings beats Q3 sales, profit estimates
Oct 23, 2025
Overview * Integer Q3 2025 sales rose 8% to $468 mln, beating analysts' expectations * Adjusted EPS for Q3 2025 increased 25% to $1.79, beating consensus Outlook * Integer expects 2025 sales between $1.840 bln and $1.854 bln * Company anticipates 2025 adjusted EPS of $6.29 to $6.43 * Integer forecasts 2026 organic sales flat to up 4% Result Drivers...
Carter Bankshares misses Q3 profit expectations
Carter Bankshares misses Q3 profit expectations
Oct 23, 2025
Overview * Carter Bankshares ( CARE ) Q3 net income and EPS miss analyst expectations * Net interest income for Q3 increased 4.2% from prior quarter * Company's financial results impacted by nonaccrual loans from Justice Entities Outlook * Company expects to benefit from Federal Reserve's short-term interest rate reductions * Company anticipates loan growth from prior construction lending over...
Spot crude premiums jump as US sanctions on Russian producers drive China, India demand
Spot crude premiums jump as US sanctions on Russian producers drive China, India demand
Oct 23, 2025
SINGAPORE (Reuters) -Spot premiums in crude markets jumped on Thursday on expectations that U.S. sanctions on top Russian producers will spur China and India's demand for supplies from the Middle East, Africa and South America, trade sources and analysts said. Washington hit major suppliers Rosneft and Lukoil with sanctions over the Ukraine war, sparking concerns over tighter supply of oil...
Freeport-McMoRan Q3 Adjusted Net Income, Revenue Rise
Freeport-McMoRan Q3 Adjusted Net Income, Revenue Rise
Oct 23, 2025
08:11 AM EDT, 10/23/2025 (MT Newswires) -- Freeport-McMoRan ( FCX ) reported Q3 adjusted net income Thursday of $0.50 per diluted share, up from $0.38 a year earlier. Analysts polled by FactSet expected $0.42. Revenue for the quarter ended Sept. 30 was $6.97 billion, up from $6.79 billion a year earlier. Analysts surveyed by FactSet expected $6.71 billion. The company's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved