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CVS Health Corp. is exploring an acquisition of primary care center operator Oak Street Health Inc., reports Reuters, citing Bloomberg News. Shares of Oak Street Health rose 27% in after-hours trading after closing 4.25% higher at $22.57 on Jan. 9. No final decision has been made and discussions could fall through.
1. Google cuts 12,000 workers, offers benefits in severance package
2. Cigna sues to block CVS hiring former Express Scripts executive
3. Amazon rolls out pharmacy subscription plan for Prime members
4. Poll finds high-deductible health plans accompanied by medical cost issues
6. Medicare Advantage audit rules could result in clawbacks from insurers