CVS Health has made several massive deals and launched a new virtual care service in 2023, and it was predicted to be the top acquirer of healthcare companies this year, according to a survey by Health Tech Nerds.
The company appears to be focusing on primary care groups, virtual care and value-based care in its growth strategy.
Here are five deals and moves to know:
1. CVS Health launched virtual care offerings Jan. 23 focused on primary care and mental health services.
2. The venture capital arms of CVS Health, Cigna, Humana and Houston-based Memorial Hermann participated in a $375 million funding round for Monogram Health, an in-home healthcare company.
3. Carbon Health, a hybrid healthcare company focused on primary and urgent care, secured $100 million in series D funding from CVS Health Ventures.
4. CVS Health is in talks with Oak Street Health, which runs primary care centers for Medicare recipients, about a possible acquisition.
5. CVS Health led a $25 million financing round for virtual therapy and psychiatry company Array Behavioral Care.