Why The Oak Street Health Stock Surged Over 25% (OSH)

By Amit Chowdhry ● Jan 10, 2023
  • The stock price of Oak Street Health (OSH) surged by over 25% intraday today. This is why.

The stock price of Oak Street Health (OSH) surged by over 25% intraday today.

Why: Rumors about CVS Health (CVS) exploring the acquisition of Oak Street Health

Details: Bloomberg reported that CVS Health is considering buying out Oak Street Health in a deal valued at about $10 billion.

This deal would add to CVS’ recent acquisition of Signify Health. Plus CVS also closed a $69 billion deal with Aetna in 2017.