The deal is
In 2021, CVS was in acquisition discussions with One Medical, another major concierge primary care provider, according to a regulatory disclosure. But the M&A talks failed. Less than one year later, One Medical sold to Amazon for
CVS is not giving up on its primary care growth ambitions.
The drugstore giant has been providing walk-in medical services at its retail locations since the 2000s. Its in-store clinic offerings, however, have been basic-routine physicals, screenings and immunizations. In
In September, CVS announced an approximately
A partnership or an acquisition of an in-person full-service primary care provider similar to One Medical would be the 'logical next step' for CVS to achieving it primary care aspirations, Springer wrote after the acquisition of Signify.
'Carbon Health's hybrid primary care-plus model is comparable to One Medical's, though, unlike One Medical, it does not utilize a membership model,' she said in an interview.
It's common for potential acquirers of private companies to first make a minority investment and try out a strategic partnership before proceeding with an acquisition bid. CVS said that as a part of its deal, it would pilot
The primary care provider has not been immune from the reversal of the pandemic-fueled boom. In June,
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