Follow-on Offering

Healthcare
Follow-on Offering

Summary

Baird served as a co-manager on this offering

About

Oak Street Health, Inc. (“Oak Street”) (NYSE:OSH) recently completed a secondary offering of 6,477,293 shares of its common stock by certain selling shareholders at a public offering price of $46.00 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 844,863 shares of common stock. Oak Street will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling shareholders. The gross proceeds from the offering, before underwriting discounts and commissions, are $298.0 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 70 centers across Illinois, Michigan, Ohio, Pennsylvania, Texas, Indiana, North Carolina, Rhode Island, Tennessee, New York and Mississippi. Oak Street Health, Inc. is headquartered in Chicago, Illinois.
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Healthcare
Follow-on Offering
Date
December 2020
Company
Oak Street Health, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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