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CVS reportedly in discussions to acquire Oak Street Health

If reached, the deal would value Oak Street at more than $10 billion, including debt, according to a Bloomberg report.

CVS Health is reportedly exploring an acquisition of Oak Street Health, which runs primary care centers for Medicare recipients, according to a Bloomberg report.

Citing people familiar with the matter, the report noted that talks are ongoing and a deal could be reached within weeks. The deal would value Oak Street at more than $10 billion, including debt. However, the talks could cease without an agreement, the report noted.

According to Oak Street Health's website, the company specializes in caring for older adults, and provides “personalized primary care so you can stay healthy and focus on doing the things you love.”

[Read more: CVS Health to acquire Signify Health For $8B]

Last year, CVS Health held discussions to buy health-care provider Cano Health. In  September, CVS agreed to buy Signify Health, a leader in health risk assessments, value-based care and provider enablement. With a network of more than 10,000 clinicians across all 50 states and a nationwide value-based provider network, combined with its proprietary analytics and technology platforms, Signify Health is improving patient engagement, patient outcomes and care coordination for stakeholders across the healthcare system, CVS Health said.

That deal is expected to close in the first half of 2023.

A spokesperson contacted by Drug Store News said the company doesn't "comment on rumors or speculation."

[Read more: CVS Health reportedly to bid on Signify Health]

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