CVS Stays Committed to Clinic Expansion Despite Walgreens Struggles

CVS Health remains committed to expanding its Oak Street Health clinics despite challenges faced by rival Walgreens. CVS acquired Oak Street for $10.6 billion and plans to open 50 to 60 clinics for seniors next year. Walgreens, on the other hand, has slowed its retail clinic expansion and announced the closure of underperforming locations. CVS's strategy is supported by its strong base of Medicare Advantage members and its acquisition of a home care provider last year.