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CVS makes $10.6 billion bid for primary care provider Oak Street Health


CVS Health Corp. will buy Oak Street Health Inc. for about $9.5 billion in cash, joining its rivals in adding primary care to its portfolio as pressure mounts on its health insurance unit, Reuters reports. With the Oak Street deal, CVS will control more than 160 primary care centers that offer routine health screenings and diagnosis to older adults, according to the report.

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