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Health center chain Oak Street Health files for a $100 million IPO

July 10, 2020

Oak Street Health, which operates health centers that provide primary care for Medicare patients in the Midwest, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The company employs 260 primary care provider and 54 health centers, in 13 markets across 8 states, which provided care for approximately 85,000 patients as of March 31, 2020.

The Chicago, IL-based company was founded in 2012 and booked $641 million in revenue for the 12 months ended March 31, 2020. It plans to list on the NYSE under the symbol OSH. Oak Street Health filed confidentially on September 20, 2019. J.P. Morgan, Goldman Sachs, Morgan Stanley, William Blair and Piper Sandler are the joint bookrunners on the deal. No pricing terms were disclosed.