CVS Health now sees closing Oak Street Health acquisition in 1H23

In a regulatory filing, CVS Health (CVS) said it now expects to close the acquisition of Oak Street Health (OSH) in the first half of 2023. On its first quarter 2023 earnings call, scheduled for May 3, 2023, the Company expects to provide an update to its full year 2023 guidance to reflect: year-to-date performance and trends; the accretive impacts of the acquisition of Signify Health, Inc., which closed on March 29, 2023; the dilutive impacts of the Oak Street Health acquisition; and the associated interest expense impacts related to the financing for both acquisitions. Although the company has not updated its previously disclosed long-term adjusted earnings per share targets, the impacts associated with these two acquisitions were previously assumed in the company’s adjusted earnings per share targets for 2024 and 2025.