“Health care is broken,” says CVS Health’s chief medical officer Dr. Sree Chaguturu—and his company wants to put it back together. Over the past year, the drugstore chain, led by CEO Karen Lynch, has dropped close to $20 billion on acquisitions of Oak Street Health, a senior-focused primary-care network, and Signify Health, a home-health-care provider. Between those deals, its 2018 acquisition of health insurer Aetna, and the continued expansion of the MinuteClinic walk-in-care brand, which now operates in more than 1,100 locations nationwide, CVS has cemented its role as a player in nearly every aspect of U.S. health care.
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