04:02 PM EDT, 05/23/2024 (MT Newswires) -- CVS Health ( CVS ) is looking to fund growth at its subsidiary Oak Street Health through a potential partnership with a private equity firm, Bloomberg reported Thursday, citing people familiar with the matter.

The health care, pharmacy and retail company has retained financial advisors to identify possible funding sources, including forming a joint venture by the primary care provider with a private equity partner.

The discussions so far have been preliminary and there is no guarantee CVS will reach a deal, the sources said.

CVS did not immediately respond to a request from MT Newswires seeking comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 55.49, Change: -1.95, Percent Change: -3.39