Oak Street Health

Healthcare provider in a lab coat standing behind a patient in a blue hospital gown checking their vitals
By  Jessica Hagen 11:42 am August 28, 2023
Value-based kidney care company Strive Health announced it signed a multiyear deal with Oak Street Health, a chain of primary care clinics geared toward the Medicare population to provide care to patients suffering from stage 4 chronic kidney disease to end-stage kidney disease. Denver-based Strive Health offers a value-based care platform that integrates chronic kidney disease and end-stage...
A person wearing a mask walking by a CVS pharmacy
By  Emily Olsen 11:17 am March 24, 2023
Sen. Elizabeth Warren (D-Mass.) is urging the Federal Trade Commission to scrutinize CVS Health's planned acquisition of Medicare-focused primary care provider Oak Street Health. In a letter to FTC Chair Lina Khan and Commissioners Alvaro Bedoya and Rebecca Slaughter, the progressive senator wrote the deal could lower quality of care and hike costs.  She also pointed to other acquisitions – ...
A person getting a vaccine at a pharmacy.
By  Emily Olsen 10:27 am March 24, 2023
Last month, two large retail and pharmacy companies made big moves in healthcare delivery: Amazon completed its purchase of One Medical, and CVS Health announced plans to buy Oak Street Health.  The deals aren't unexpected, said Christopher Lis, managing director of global healthcare intelligence at J.D. Power. More than 31 million people are now enrolled in Medicare Advantage plans, key...
A masked person walking by a CVS pharmacy.
By  Emily Olsen 11:46 am February 8, 2023
After weeks of rumors, CVS Health announced plans to acquire Oak Street Health, a primary care provider geared toward the Medicare population, in a deal worth approximately $10.6 billion. Chicago-based Oak Street Health runs 169 clinics in 21 states, employing about 600 primary care providers. CEO Mike Pykosz will continue to head up the company following the deal's close, which the companies...
Businesspeople shaking hands.
By  Emily Olsen 12:35 pm February 7, 2023
CVS Health is reportedly getting close to an agreement to acquire Oak Street Health, a primary care provider geared toward the Medicare population, for about $10.5 billion including debt. According to reporting by the Wall Street Journal that cites sources familiar with the deal, the companies are considering a price of about $39 per share. The acquisition could be announced this week, pushing...
Businesspeople shaking hands
By  Emily Olsen 10:30 am January 6, 2023
GE HealthCare named Dr. Taha Kass-Hout as the newly spun-out company's first chief technology officer. Kass-Hout comes to GE from Amazon Web Services, where he served as vice president of machine learning and chief medical officer. He was also chief health informatics officer at the FDA for two terms during the Obama Administration and director of information science and informatics for the CDC...
Healthcare provider and patient
By  Jessica Hagen 02:33 pm December 12, 2022
Virtual and in-office healthcare provider Juno Medical raised $12 million in Series A funding round co-led by tennis star Serena Williams, managing partner at Serena Ventures, and Julian Eison, managing partner at NEXT VENTURES. Vast Ventures, which led Juno's seed round, also participated in the Series A funding alongside Empire State Development's New York Ventures, Genius Guild, TXV Partners,...
A medical professional with a tablet consults with patient
By  Emily Olsen 11:35 am October 21, 2021
Oak Street Health, a chain of primary care clinics geared toward the Medicare population, has acquired virtual specialty care provider RubiconMD for up to $190 million. The deal includes a base $130 million in cash with up to $60 million added subject to performance, paid either in cash or a cash and stock combination, according to an investor presentation. RubiconMD provides a network of...