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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.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer