CVS Health’s Sales Rise 11%; Oak Street Health, Signify Health Acquisitions Close

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CVS Health’s Sales Rise 11%; Oak Street Health, Signify Health Acquisitions Close
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CVS Health posted an 11% rise in sales during the first quarter as it closed its biggest acquisitions since its nearly $70 billion merger with Aetna in 2018

Corporate giants from Amazon to CVS are investing billions into primary-care practices. It’s part of a sweeping shift in U.S. healthcare to a more value-based model. Photo illustration: Amber BragdonCVS Health posted an 11% rise in sales during the first quarter as it closed its biggest acquisitions since itsThe healthcare company on March 29 completed the nearly $8 billion acquisition of Signify Health, adding in-home services to its offerings.

The newly added units will work together to expand the business, with Signify doctors checking up on home-care patients, who are then referred to either an Oak Street practice or a CVS in-store clinic.

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