Oak Street Health $180.3 million secondary offering
We advised the joint book-running managers on the equity offering
Davis Polk advised the joint book-running managers in connection with the $180.3 million secondary offering of 7,000,000 million shares of common stock of Oak Street Health, Inc. by a selling shareholder. Oak Street Health is listed on the New York Stock Exchange under the symbol “OSH.”
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, Oak Street Health 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 Health currently operates more than 140 centers across 20 states.
The Davis Polk capital markets team included partners Pedro J. Bermeo and Michael Kaplan and associate Jacqueline Marino. The tax team included partner Mario J. Verdolini and associate Dmitry Dobrovolskiy. Partner David R. Bauer and associates Alison T. Chin and Alexis N. Wallace provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.