Oak Street Heath posts $510 million loss ahead of CVS acquisition

Losses at Oak Street Health Inc., which operates a network of clinics for seniors on Medicare.  grew in 2022 to almost $510 million as the value-based primary care company continued to aggressively pursue growth, reports Healthcare Dive. In comparison, Oak Street, CVS Health Corp. is slated to acquire, reported a loss of $415 million in 2021. The company opened 40 new centers over 2022 and ended the year with 169 facilities in 21 states.