CVS Health posted an 11% rise in sales during the first quarter as it closed its biggest acquisitions since its nearly $70 billion merger with Aetna in 2018.
The healthcare company on March 29 completed the nearly $8 billion acquisition of Signify Health, adding in-home services to its offerings. On May 2, the company closed its $10.6 billion deal for Oak Street Health’s 600 primary-care centers. The newly added units will work together to expand the business, with Signify doctors checking up on home-care patients, who are then referred to either an Oak Street practice or a CVS in-store clinic.
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