February 26, 2024 – CVS Well being acquired Oak Road Well being for about $10.6 billion final Might and Oak Road continues to function as a multi-payer major care supplier as a part of CVS Well being. The care mannequin focuses on offering complete preventive care to older adults, together with personalised wellness plans, built-in well being care companies, and academic and social actions to assist general well being and well-being.

With plans to develop to 25 states, the first care supplier for seniors presently employs roughly 600 physicians at greater than 170 medical facilities, with plans so as to add one other 60 facilities in 2024. Karen Lynch, CEO of CVS Well being, informed analysts and traders about an earnings launch earlier this 12 months that the alternatives to drive greater affected person development will proceed to extend as Oak Road expands into different areas.

“We might be opening new Oak Road clinics subsequent to CVS pharmacies this 12 months and have already recognized further places for 2024,” she mentioned. In accordance with CVS Well being, Oak Road can have greater than 300 facilities by 2026, “every with the potential to contribute $7 million to Oak Road Well being Adjusted EBITDA at maturity.”

Learn extra within the newest subject of The Journal of Healthcare Contracting.