CVS Health to Acquire Oak Street Health for $10.6 Billion

CVS Health to Acquire Signify Health

September 5, 2022

Healthcare Services

CVS Health entered into a definitive agreement to acquire Signify Health for $30.50 per share in cash, valuing the transaction at approximately $8 billion. The deal is expected to close in the first half of 2023 and is subject to stockholder approval, regulatory approval, and other customary closing conditions.

GIC and Oak Street to Acquire STORE Capital in $14 Billion All-Cash Transaction

October 17, 2022

Infrastructure

GIC, together with funds managed by Oak Street (a division of Blue Owl), agreed to acquire STORE Capital for approximately $14 billion in an all-cash transaction valued at $32.25 per share. The deal is subject to STORE Capital stockholder approval and customary closing conditions, with an expected close in the first quarter of 2023.

VillageMD to Acquire Summit Health-CityMD for ~$8.9B

November 7, 2022

Healthcare Services

VillageMD entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty, and urgent care, in a transaction valued at approximately $8.9 billion. Walgreens Boots Alliance will invest $3.5 billion and will remain the largest shareholder, while Evernorth (an affiliate of Cigna) will take a minority ownership position in the combined company. The deal is expected to close in the first quarter of 2023.

CVS Health Leads $25M Growth Round in Array Behavioral Care

June 1, 2023

Healthcare Services

Array Behavioral Care closed a $25 million equity financing round led by CVS Health, with participation from existing investors including Wells Fargo Strategic Capital, Health Velocity Capital, Harbour Point Capital, HLM Venture Partners, OCA Ventures, and OSF HealthCare. The capital will be used to scale Array’s virtual psychiatry and therapy services, enhance technology and operations, and expand access through deeper collaboration with CVS Health.

Oak Street Health Acquires RubiconMD

October 21, 2021

Healthcare Services

Oak Street Health acquired RubiconMD to integrate virtual specialty care into its value-based primary care model, streamlining referrals and enhancing care coordination for Medicare patients. The deal brings RubiconMD’s eConsult platform and network of specialists into Oak Street’s centers to improve access, patient experience and cost management.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.