CVS’ $10B Oak Street Health Deal a ‘Stepping Stone’ for Value-Based Care in Senior Living 

CVS Health (NYSE: CVS) on Wednesday announced the company is buying Oak Street Health in a transaction valued at $10.6B. With the deal, CVS is gaining a new value-based primary care service line that connects older adults with primary and preventive care. Oak Street has 169 medical centers across 21 states. “This agreement will accelerate […]

Senior Living Dealmaking Platform 1Konnection Registers $2B in Deal Volume, Taps Amazon Vet

1Konnection, a matchmaking platform to facilitate senior living and health care deals, has gained traction with a sizable user base and recently named a former Amazon Business employee to its leadership as the company prepares to expand its reach and offerings. “In the next few months — the next few quarters — we’re releasing a […]

CVS Health Exploring Sale of Long-Term Care Pharmacy Omnicare

CVS Health (NYSE: CVS) is exploring a range of strategic alternatives for long-term care pharmacy Omnicare that could include a sale, according to the company’s top leader. The retail and pharmacy giant recorded a pre-tax loss on assets held for sale of $2.5 billion to write down Omnicare. As such, CVS Health President and CEO […]

Tips From Brookdale, CVS, Walgreens On a Successful Covid-19 Vaccine Rollout

With the first doses in the U.S. administered Monday, the senior living industry is close to distributing the Covid-19 vaccine among residents and staff. In fact, senior living residents and staff could start seeing the vaccine delivered to their communities as early as about a week from now, according to Dr. Ruth Link-Gelles, who is […]

Federal Lawsuit Claims CVS Health/Omnicare Improperly Refilled Meds Across 3,000-Plus Senior Living Communities

Long-term care pharmacy giant Omnicare and its parent company CVS Health (NYSE: CVS) are defendants in a federal lawsuit alleging that hundreds of thousands of drugs were improperly dispensed to senior housing residents over a period of years. The complaint, filed Tuesday by the Manhattan U.S. Attorney’s office, and an accompanying press release name-check several […]

CVS Health Records $2.2B Impairment on Omnicare, Still Bullish on Senior Living

Shares of pharmacy and insurance giant CVS Health (NYSE: CVS) dipped sharply Wednesday on the heels of a troubled Q4 2018 earnings report, which included a $2.2 billion impairment charge related to the company’s long-term care business. However, CVS Health executives are still bullish on the prospects for this division, particularly through expansion into independent […]