Tag: Electricity/Gas Utilities

CVS Health Corp. is investing in a young chain of health clinics, and may be looking to acquire another. CVS CVS, -0.12% invested $100 million in a Carbon Health Inc., a San Francisco-based chain of urgent- and primary-care clinics, according to a Monday morning announcement. Just hours later, Bloomberg News reported that CVS was in negotiations to buy Oak Street Health Inc. OSH, +4.25%, a decade-old chain of clinics that service Medicare recipients, for more than $10 billion. Publicly-traded Oak Street ended the day with a market capitalization slightly lower than $5.5 billion. Oak Street shares jumped more than 35% in after-hours trading, while CVS stock was mostly stable. CVS declined comment on the...