• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Oak Street Health stock just rallied 30%: explained here
Investing

Oak Street Health stock just rallied 30%: explained here

by January 10, 2023
by January 10, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Oak Street Health Inc (NYSE: OSH) opened more than 30% up this morning after a report that CVS Health Corp (NYSE: CVS) is interested in buying the network of primary care centres.

Deal could value Oak Street at $10 billion

Late last night, Bloomberg said the healthcare giant was willing to pay as much as $10 billion for Oak Street that has close to 170 healthcare centres located across 21 states.

CVS has been aggressive in expanding its footprint in clinics ever since Amazon outbid it to acquire One Medical for $18 a share in July 2022 – to which it responded with spending $8.0 billion on buying Signify Health instead as Invezz reported here.

Earlier this week, CVS Health Corp also invested $100 million in Carbon Health Inc – a chain of primary care clinics based out of San Francisco. Its shares are trading slightly down on Tuesday.

Talks could conclude without an agreement

Anonymous sources told Bloomberg that talks were ongoing between the two companies but said the prospect of a “no deal” remains on the table. CVS is yet to comment on today’s report.

Currently, Oak Street Health serves more than 159,000 patients across the United States. Newlight Partners and General Atlantic own about 39% of this company.

Wall Street has a consensus “overweight” rating on this healthcare stock that’s now returned to its high in August 2022.  

Also this week, CVS said it will exceed its guidance for $309 billion to $314 billion in full-year revenue. It’s set to report its Q4 results early next month.

The post Oak Street Health stock just rallied 30%: explained here appeared first on Invezz.

You Might Also Like
  • Mike McGlone: Gold price to break through $2000 and “never looks back”
  • Is reverse stock split coming for AMC? Here is what it means to price
  • Is Vodafone Idea stock a good contrarian buy as it sinks?
  • Analyst blasts Amazon for running a ‘not-for-profit enterprise’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Bed Bath & Beyond jumps 12%. What holds for the stock ahead of earnings
next post
Microsoft to invest another $10 billion in company behind ChatGPT

You may also like

Options Trading Strategy: Bull Call Spread

May 9, 2023

Shell vs BP: Which is a better oil and gas...

December 9, 2022

CrowdStrike stock tanked 20% in extended trading: what happened?

November 29, 2022

Diageo share price forms a wide symmetrical triangle

November 25, 2022

Aptos startup Blocto eyes the next billion Web3 users via...

December 21, 2022

Should you buy Oracle stock despite soft guidance?

December 13, 2022

3 reasons to buy Visa and Mastercard stocks in 2023

December 26, 2022

Tesla stock has rebounded from a key support: should you...

November 29, 2022

Early Assignment Can Be a Gift

March 28, 2023

Blackstone’s beset property fund secures a massive investment

January 3, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    American vs. European Options: The Differences

    March 23, 2023

    Pro reacts to Musk selling another...

    December 15, 2022

    Will house prices fall as a...

    January 16, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here