CVS Health in deal to buy Oak Street Health for $10.6 billion

CVS Health will buy Chicago-based primary care provider Oak Street Health in a deal valued at $10.6 billion, the healthcare pharmacy said Wednesday.

Woonsocket, Rhode Island-based CVS has agreed to pay $39 per share in cash and assume debt in a transaction set to close this year, assuming regulatory approval. Oak Street CEO Mike Pykosz will continue to lead the operation.

Oak Street, which will become part of CVS’ healthcare delivery…