• 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
  • This ad-tech stock opened 70% up on Monday: this is why
  • Options Time Decay Explained: Understanding Theta
  • Jim Cramer likes Tesla shares at current price
  • Why is Tesla dropping?
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

Predicting Probabilities in Options Trading: A Deep Dive into Advanced...

January 5, 2025

Analyst reads full-fledged capitulation in Tesla as it becomes the...

December 23, 2022

Star investor David Tepper is ‘leaning short’ on equities: here’s...

December 22, 2022

U.S. Fed lifts rates by 50 basis points

December 14, 2022

Diagonal Spread Options Strategy: The Ultimate Guide

October 3, 2023

U.S. job market is still very hot: what to expect...

December 2, 2022

FTSE 100 price forecast ahead of the last trading month...

November 30, 2022

Aston Martin Lagonda: Will this fallen angel recover in 2023?

December 6, 2022

HSBC share price retreats amid China woes: is it a...

November 28, 2022

What to expect from software stocks in 2023?

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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,765 views
    • 2

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

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

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

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

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

      June 27, 2024
    • 2

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

      August 9, 2024
    • 3

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

      June 25, 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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    U.S. job market is still very...

    December 2, 2022

    SafePal wallet adds support for The...

    December 21, 2022

    Using the DXY to forecast US...

    December 11, 2022
    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