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Oak Street Health, Inc. (OSH) delivered earnings and revenue surprises of 9.68% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
A buyout of the company by CVS Health is in the works.
Oak Street Health, Inc. (OSH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Oak Street Health (NYSE: OSH ) stock is on the rise Tuesday as investors react to a report that CVS (NYSE: CVS ) plans to take over the company. According to these reports, CVS is willing to pay $10.5 billion to acquire Oak Street Health.
CVS is reportedly nearing a $10.5 billion deal to acquire Oak Street Health. The purchase could be announced as early as this week, The Wall Street Journal reported Tuesday (Feb. 7), citing sources with knowledge of the matter.
An acquisition costing about $10.5 billion including debt is close, The Wall Street Journal reported.
Oak Street Health Inc. OSH, -2.48% shares jumped more than 35% in late trading Monday, after a report that CVS Health Corp. CVS, -0.61% was nearing a $10.5 billion acquisition of the healthcare chain. The Wall Street Journal reported late Monday that the two parties were near a deal at roughly $39 a share, and it could be reported as early as this week; CVS is due to report earnings Wednesday morning.
The deal would expand the health insurer and pharmacy chain's role in medical care.
Big Retail's continued healthcare push is poised to advance with a $10 billion deal.
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.