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

Posted On: Mar. 2, 2023 10:03 AM CST

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.