Description
Oak Street Health is a health care network of primary care centers for older adults on Medicare.
History
Oak Street Health was founded in 2012 by Mike Pykosz, Griffin Myers and Geoff Price and is headquartered in Chicago, Illinios. Oak Street Health is the only primary care provider endorsed by the AARP. Oak Street Health operates in helping older adults stay healthy by providing preventive care, education and social activities to support overall health well-being.
In October 2021, Oak Street Health acquired RubiconMD, a healthtech company for $130 million, the deal enables Oak Street to integrate its care model with virtual specialty care of RubiconMD.
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.
IPO
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. The company offered 15.6 million shares at $21 per share on the New York Stock Exchange, where it is traded under the ticker “OSH.”
Recognition
Oak street co-founder, Mike Pykosz was listed among List of 300 people transforming business in 2020 by Business Insider, as well as among 100 Most Influential People in Healthcare by Modern Healthcare.
In 2020, Oak Street was listed among 8 primary care companies building a new future for medicine during the pandemic, by Business Insider.
