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CVS reportedly seeking investor to grow Oak Street clinics

CVS Health is reportedly working with advisors to scout interest in growing Oak Street Health, per a Bloomberg report.

CVS Health has reportedly been seeking a private equity partner to fund growth at Oak Street Health, the $10.6 billion primary care provider it bought a year ago, per a Bloomberg report that cited people familiar with the matter.

The report said that CVS Health has been working with financial advisers to help find capital to back new clinics that will be opened by Oak Street, according to people who asked not to be identified. 

[Read more: CVS Health to acquire Oak Street Health for $10.6B]

The company has reached out to a handful of private equity firms about a potential joint venture, the people said, per the report.

According to the report, deliberations are preliminary, the structure could change and there is no guarantee a deal will be reached.

A CVS spokesperson contacted by Drug Store News said the company is not commenting on the report.

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