CVS Nears Deal for Oak Street Health. The Sector Could Be Hot for M&A in 2023.

CVS


is nearing a deal to buy primary-care center operator


Oak Street


Health, according to a report. It would mark the healthcare company’s second major acquisition in a matter of months. 

CVS


(ticker: CVS) is close to an agreement to acquire


Oak Street


(OSH) for about $10.5 billion including debt, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal is set to price Oak Health at around $39 a share, according to the WSJ.