According to a report by Bloomberg, CVS is searching for a private equity partner to help fund the expansion of Oak Street Health. The company is working with financial advisors and has reportedly already reached out to multiple PE firms about a potential partnership.

CVS acquired Oak Street for $10.6B in May 2023. The chain currently has over 200 clinics across 25 states, and the company said earlier this year that it plans to add 50 to 60 more this year with an ultimate target of 300 clinics by 2026.