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CVS Health’s deal to acquire primary care provider Oak Street Health for $10.6 billion is the latest example of big retailers pouring billions of dollars into healthcare services to integrate value-based care delivery and to grow their respective footprints.
In its announcement Wednesday, CVS said it would grow Oak Street’s footprint from the current 169 locations to 300 by 2026 and create $500 million in savings in the coming years.
Several of the transactions are pending as parties seek regulatory approval. Deals range from multiple investment rounds to full acquisitions. Competition is expected to heat up in the coming years as more retailers try their hand at patient care.
Here’s a look at the biggest deals in the last five years.
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