![]() ![]() The Chicago-based business specializes in treating Medicare-eligible-and thus highly profitable-patients Lynch was in the process of bringing Oak Street and its 600 physicians and other providers under CVS’s ever-expanding umbrella. ![]() Since becoming CEO of the combined company in 2021, Lynch has spent another $19 billion on primary care and home health care businesses, betting that CVS can profit by directly owning doctors’ groups.īy her side at that birthday party was Mike Pykosz, CEO of primary care company Oak Street Health. She joined CVS in 2018 when the pharmacy chain paid $70 billion to buy Aetna, the insurance giant that now covers about 37 million Americans. More from Fortune: 5 side hustles where you may earn over $20,000 per year-all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 homeīut while Lynch was cosplaying as a woman with little professional power, she was celebrating the latest acquisition in her career as a health care mogul. Lynch herself enthusiastically embraced the brief, donning the white go-go boots and pillbox hat of a Mad Men–era flight attendant. Karen Lynch, the CEO of what is now CVS Health, asked her top executives to attend a town hall dressed in 1960s fashion. In April, the corporate behemoth that started life as the Consumer Value Store celebrated its 60th birthday with a costume party. ![]()
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