Trending: CVS Buys Oak Street Health Amid Strong 4Q Earnings
February 08 2023 - 10:07AM
Dow Jones News
9:36 ET -- CVS Health Corp. is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The health services and drug store giant
said Wednesday it has agreed to acquire Oak Street Health for about
$10.6 billion, including debt. CVS also said its fourth-quarter net
income and revenue rose, compared with the prior year, fueled by
gains to its insurance and pharmacy-services businesses. Total
revenue grew 9.5% to $83.85 billion, easily beating FactSet-polled
analysts' consensus of $76.32 billion. Dow Jones & Co. owns
Factiva. (susan.solan@wsj.com)
(END) Dow Jones Newswires
February 08, 2023 09:52 ET (14:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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