Initial Public Offering

Healthcare
Initial Public Offering

Summary

Baird served as co-manager on this offering

About

Oak Street Health, Inc. (“Oak Street”) (NYSE:OSH) recently completed an initial public offering of 17,968,750 shares of its common stock at a public offering price of $21.00 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 2,343,750 shares of common stock. The gross proceeds from the offering, before underwriting discounts and commissions, are $377.3 million.

Oak Street is a fast-growing network of value-based, primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, Oak Street operates an innovative healthcare model focused on quality of care over volume of services and assumes the full financial risk of its patients. Oak Street currently operates more than 50 centers across Illinois, Michigan, Indiana, Pennsylvania, Ohio, Rhode Island, North Carolina and Tennessee, with plans to continue its geographic expansion, including into Texas, New York and Mississippi, in 2020. Oak Street Health, Inc. is headquartered in Chicago, Illinois.
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Healthcare
Initial Public Offering
Date
August 2020
Company
Oak Street Health, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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