News & Insights

Markets

CVS Health Nears Deal To Acquire Oak Street Health For About $10.5 Bln : Report

February 06, 2023 — 10:39 pm EST

Written by RTTNews.com for RTTNews ->

(RTTNews) - CVS Health Corp. (CVS) is nearing an agreement to acquire Oak Street Health Inc. (OSH) for about $10.5 billion including debt, the Wall Street Journal reported citing people familiar with the matter.

OSH closed Monday's regular trading at $25.96 down $0.66 or 2.48%. But in the after-hours trade, the stock gained $9.64 or 37.13%.

According to the report, the companies are discussing a price of about $39 per share. The deal, if it goes through, could be announced as soon as this week.

Bloomberg reported last month that CVS was exploring a deal for Oak Street Health.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source ->

Stocks mentioned

More Related Articles

  • •

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.