Tag: CVS Health Corp

WOONSOCKET, R.I. – CVS Health will acquire Oak Street Health, a leading multi-payer, value-based primary care company focused on older adults, in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion.  “Combining Oak Street Health’s platform with CVS Health’s unmatched reach will create the premier value-based primary care solution,” said CVS Health President and CEO Karen S. Lynch. “Enhancing our value-based...

The “Patient Access to Durable Medical Equipment Act of 2016” will join a bill already introduced in the Senate that also seeks to push back the date of the cuts, which will usher in reimbursement based 100% on the competitive bidding program, from July 1, 2016, to Oct. 1, 2017.Unlike S. 2736, however, the House bill does not seek to speed up plans to limit federal Medicaid reimbursement for DME to Medicare reimbursement as a “pay for.” A draft of the bill states: “This...

WOONSOCKET, R.I., and CINCINNATI- CVS Health Corp today announced plans to acquire Cincinnati-based Omnicare for $12.7 billion in cash. The deal includes $2.3 billion of the pharmacy provider's debt. “(The acquisition) creates new opportunities for us to extend our high-quality, innovative pharmacy programs to a broader population of seniors and chronic care patients as they transition across the care continuum,” said Larry Merlo, president and CEO of CVS Health, in a release. The deal...