(Reuters) - CVS Health Corp said on Wednesday it would buy primary care provider Oak Street Health Inc for about $9.5 billion in cash as the pharmacy giant looks to foray into the urgent care business.
The company, which also operates a health insurance unit and a pharmacy benefits manager, said it will pay $39 per Oak Street Health share, a nearly 16% premium to the stock's last closing price, to acquire hundreds of its clinics and doctors offices.
(Reporting by Raghav Mahobe and Bhanvi Satija in Bengaluru; Editing by Shinjini Ganguli)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 39 USD | +0.08% | +0.15% | 9.53B | ||
| 67.77 USD | -1.07% | -1.21% | 85.42B | ||
