On the Record · CVS Health
CVS Health acquisitions, on the record
The businesses CVS Health bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Oak Street Health, Inc.Word for word“Upon the closing of any acquisition, including the proposed acquisition of Oak Street Health and pending acquisition of Signify Health, we will need to successfully integrate the products, services and related assets, as well as internal controls into our business operations.” 10-K for 2022 | agreed acquisition | — | — |
Signify Health, Inc.Word for word“Upon the closing of any acquisition, including the proposed acquisition of Oak Street Health and pending acquisition of Signify Health, we will need to successfully integrate the products, services and related assets, as well as internal controls into our business operations.” 10-K for 2022 | agreed acquisition | — | — |
bswiftWord for word“(3) In 2022, the gain on divestiture of subsidiaries represents the pre-tax gain on the sale of bswift, which the Company sold in November 2022, and the pre-tax gain on the sale of PayFlex, which the Company sold in June 2022.” 10-K for 2022 | divestiture | November 2022 | — |
PayFlexWord for word“(3) In 2022, the gain on divestiture of subsidiaries represents the pre-tax gain on the sale of bswift, which the Company sold in November 2022, and the pre-tax gain on the sale of PayFlex, which the Company sold in June 2022.” 10-K for 2022 | divestiture | June 2022 | — |
Thailand businessWord for word“The sale of the Thailand business closed in the second quarter of 2022, and the ultimate loss on the sale was not material.” 10-K for 2022 | divestiture | the second quarter of 2022 | — |
Medicare Shared Savings Program (MSSP) operationsWord for word“(9) In 2025, the loss on the wind down and sale of Accountable Care assets represents the pre-tax loss on the divestiture of the Company’s Medicare Shared Savings Program (“MSSP”) operations, which the Company sold in March 2025, as well as costs incurred in connection with the process of winding down the Company’s Accountable Care Organization Realizing Equity, Access and Community Health (“ACO REACH”) operations.” 10-K for 2025 | divestiture | March 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $524 million | — | $126 million |
| 2017-12-31 | $1.18 billion | — | $385 million |
| 2018-12-31 | $42.23 billion | — | $46.79 billion |
| 2019-12-31 | $444 million | $0 | — |
| 2020-12-31 | $866 million | $840 million | $308 million |
| 2021-12-31 | $146 million | $0 | — |
| 2022-12-31 | $139 million | — | — |
| 2023-12-31 | $16.61 billion | — | $13.12 billion |
| 2024-12-31 | $95 million | — | — |
| 2025-12-31 | $436 million | — | — |
Deal filings since 2016
- 2024-11-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from CVS Health’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.