Oak Street Health IPO
Oak Street Health was a primary care provider focused on serving Medicare Advantage patients, particularly in underserved communities. The company operated a network of primary care centers with a value-based care model designed to improve health outcomes for older adults.
Key Facts
| Industry | Primary Care Healthcare |
| Founded | 2012 |
| Headquarters | Chicago, IL |
| Employees | ~10,000 |
| Website | oakstreethealth.com |
| Funding | Public 2020-2023, acquired by CVS Health. Total private funding: ~$350M |
About Oak Street Health
Oak Street Health operated a network of primary care clinics specifically designed for Medicare Advantage patients, focusing on serving older adults with multiple chronic conditions. The company's model emphasized preventive care, care coordination, and building strong relationships between patients and their care teams through longer appointment times and comprehensive support services.
The company differentiated itself through its value-based care model, where it assumed financial risk for patient outcomes while providing enhanced services like transportation, social workers, and care coordinators. Oak Street Health's approach aimed to reduce hospitalizations and emergency room visits through proactive management of chronic conditions and social determinants of health. The company went public in 2020 and was subsequently acquired by CVS Health in 2023 for $10.6 billion as part of CVS's strategy to expand its healthcare services footprint.
IPO Status
Oak Street Health went public in August 2020 on the New York Stock Exchange under the ticker symbol OSH. The company raised approximately $328 million in its IPO, pricing shares at $21 each, and initially saw strong investor interest in its value-based primary care model for seniors. In 2023, Oak Street Health was acquired by CVS Health for approximately $10.6 billion, or about $39 per share in cash. The acquisition was part of CVS Health's strategy to expand its healthcare services and primary care capabilities, particularly in serving Medicare Advantage populations. The deal closed after regulatory approval, and Oak Street Health is now part of CVS Health's broader healthcare ecosystem.
Competitors
Frequently Asked Questions
Does Oak Street Health have a stock?
Oak Street Health had an IPO in August 2020 but is no longer a public company. The company was acquired by CVS Health for approximately $10.6 billion in 2023.
When is the Oak Street Health IPO date?
Oak Street Health will not have an IPO as it was acquired by CVS Health in 2023. The company is now a subsidiary of CVS Health and no longer operates independently.
How can I buy Oak Street Health stock?
You cannot buy Oak Street Health stock directly as the company was acquired by CVS Health. To gain exposure to Oak Street Health's business, you would need to purchase CVS Health stock (CVS) instead.
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