1Life Healthcare jumps 22% after report of takeover interest

Jul. 05, 2022 1:24 PM ETAmazon.com, Inc. (AMZN), CVSBy: Joshua Fineman, SA News Editor

1Life Healthcare (NASDAQ:ONEM), the parent of One Medical clinics, soared 21% after a report that it's considering alternatives after getting takeover interest.
The company is said to have drawn acquisition interest from companies including CVS Health (NYSE:CVS), according to a Bloomberg report. There are no active discussions with CVS, though other possible buyers are also considering deals.
A potential sale comes almost a year after 1Life (ONEM) agreed to acquire Iora Health in an all-stock transaction valued at about $2.1 billion. 1Life shares have plunged more than 70% over the past year.
1Life Healthcare (ONEM) short interest is 10.5%.
Recall late May, started off coverage of 1Life (ONEM) with a buy rating and $12 share price.