CVS Is Said to Seek Investor to Back New Oak Street Clinics (1)

CVS Health Corp. has been seeking a private equity partner to fund growth at Oak Street Health, the $10.6 billion primary care provider it bought a year ago, according to people familiar with the matter.

The company has been working with financial advisers to help find capital to back new clinics that will be opened by Oak Street, the people said, asking not to be identified discussing private information. It’s reached out to a handful of private equity firms about a potential joint venture, they said.

Deliberations are preliminary, the structure could change and there’s no guarantee a deal ...