CVS Health’s deal to buy primary care provider Oak Street Health for $10.6 billion is the latest example of major retailers pouring billions of dollars into healthcare services. health to integrate value-based care delivery and develop their respective footprints.
In Wednesday’s announcement, CVS said it will grow Oak Street’s footprint from its current 169 locations to 300 by 2026 and generate $500 million in savings over the coming years.
Several transactions are pending as parties seek regulatory approval. Transactions range from multiple rounds of investments to full buybacks. Competition is expected to heat up in the coming years as more retailers try their hand at patient care.
Here’s a look at the biggest deals of the past five years.
