 | |
| Company type | Subsidiary |
|---|---|
| |
| Industry | Health care |
| Founded | 2012 |
| Founders |
|
| Headquarters | Chicago, Illinois, U.S. |
| Parent | CVS Health |
| Website | www |
Oak Street Health, Inc. is a health care network of primary care centers for older adults and Disabled with Medicare. [1]
In May 2023, CVS Health acquired the company for $10.6 billion. [2]
Oak Street Health was founded in 2012 by Mike Pikes, Griffin Myers and Geoff Price and is headquartered in Chicago, Illinois. [3] [4] [5] Oak Street Health is the only primary care provider selected by the AARP. [6] Oak Street Health operates in helping older adults stay healthy by providing preventive care, education and social activities to support overall health well-being. [7]
Oak Street Health has raised a total of $105.3M in funding over 4 rounds.[ citation needed ] In August 2020 Oak Street Health, went public and raised $328 million in its Initial Public offering. [8] [9] [10] The company offered 15.6 million shares at $21 per share on the New York Stock Exchange, where it was traded under the ticker “OSH.” [11]
In October 2021, Oak Street Health acquired Rubicon, a healthtech company for $130 million, the deal enables Oak Street to integrate its care model with virtual specialty care of Rubicund. [12]
On February 8, 2023 CVS Health announced it has entered into a definitive agreement to acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. [13]
In September 2024, the company paid $60 million to settle a lawsuit for violating the federal Anti-Kickback Statute. [14]
Oak Street Health head office is based in Chicago, Illinois. It began operating in 2012. By January 2020, it had expanded to 50 centers in eight states. [15] By October 2021, there were more than 100 centers in 18 states. [16]
In 2024, Oak Street Health has expanded to over 170 centers nationwide.
{{cite web}}: CS1 maint: multiple names: authors list (link)EDIT BY David Wernner