They’re Not Giving Up: CVS seeks private equity funding for Oak Street Health

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We all know private equity is running and ruining medicine. Walgreens and Walmart are closing clinics right now but the clowns at CVS are trying to prop up Oak Street Health. They bought it a year ago and now want others to invest in it. It only cost them over $9 billion and now they want more to open 300 clinics and hope patients will come. Who wants to invest?

Imagine if there was an investment of $100k for 300 DPC clinics. That would be $30 million which seems like a lot but it’s not $9 billion and those DPC clinics would be profitable. Yes, not enough for these parasites to get 10 x of their investment. I get that. But imagine a fund of very low interest for these docs to pay back this $100k? It could be done and would be a massive success.

I can dream, can’t I?

About Douglas Farrago, MD

Dr. Farrago is a retired family physician based in Forest, Virginia. Since 2021, he has run DPCnews.com, a leading resource for the Direct Primary Care (DPC) movement. He is the author of three best-selling books on Direct Primary Care: The Official Guide to Starting Your Own Direct Primary Care Practice The Direct Primary Care Doctor’s Daily Motivational Journal Slowing the Churn in Direct Primary Care (While Also Keeping Your Sanity) In 2016, Dr. Farrago conceived the idea for the Direct Primary Care Alliance and co-founded the organization alongside other pioneering DPC physicians. He is widely recognized as a leading expert in the DPC model and frequently lectures to medical students, residents, and practicing physicians on how to successfully start and run their own DPC practices.Dr. Farrago sold his Direct Primary Care practice in October 2020 but continues to receive care there as a patient.