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July 11, 2020 01:37 PM

Oak Street Health files to go public

Paul Barr
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    Lily Lam, Welcome Coordinator, greets Maria Turner at their downtown, Chicago offices on November 8, 2017. Manuel Martinez/Crain's Chicago Business

    Oak Street Health, a Medicare-focused primary care company, filed a registration statement to sell shares to the public.

    Terms of the offering have not been set. But Oak Street, which operates more than 50 primary care centers in such states as Illinois, Michigan and Indiana, estimates the total size of its targeted market to be $325 billion, according to the registration statement.

    Earlier this year it unveiled an aggressive growth strategy, adding locations in new states. The filing points to success with its existing centers, saying, "as we deliver on keeping our patients healthier, we capture the cost savings, driving our profitability." The filing states that as of March 31, 2020, Oak Street's four centers with more than 2,000 at-risk patients for at least the last three months were at 86% weighted average capacity and generated revenues of $32.3 million.

    Oak Street plans to list the shares on the New York Stock Exchange under the symbol "OSH."

    J.P. Morgan, Goldman Sachs, Morgan Stanley, William Blair and Piper Sandler are joint book-running managers for the proposed offering, according to a company news release.

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    • News
      • Current News
      • Providers
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      • Transformation
        • Patients
        • Operations
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      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
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      • Digital Edition (Web Version)
    • Opinion
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      • Vital Signs Blog
      • From the Editor
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        • Nominate/Eligibility
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        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
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    • MORE+
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