CVS Expects to Close Oak Street Acquisition in 1st Half of 2023
March 30 2023 - 8:43AM
Dow Jones News
By Dean Seal
CVS Health Corp. now expects to close its acquisition of Oak
Street Health Inc. in the first half of 2023.
The update was delivered Thursday morning in a securities filing
from the healthcare giant, which had previously said that the
all-cash $10.6 billion deal would be wrapped up sometime this
year.
Oak Street made the same disclosure while announcing that it
wouldn't hold its annual shareholder meeting next month in light of
the pending acquisition, which still needs to be approved by Oak
Street shareholders.
CVS agreed in February to acquire Oak Street and its network of
senior-focused primary-care clinics for $39 a share.
Oak Street shares were up 4.8% at $38.78 in premarket
trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 30, 2023 08:28 ET (12:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Oak Street Health (NYSE:OSH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Oak Street Health (NYSE:OSH)
Historical Stock Chart
From Apr 2023 to Apr 2024
