Here is what ASCs need to know:
- The acquisition gives CVS access to the Chicago-based company’s value-based primary care network.
- Oak Street Health’s portfolio includes more than 160 clinics in 21 states that primarily focus on Medicare beneficiaries. By 2026, the company expects to have more than 300 locations.
- Oak Street Health will operate as a multipayer primary care provider as part of CVS Health.
- CVS said it financed the transaction using borrowings from a $5 billion term loan agreement.
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