Oak Street Health $747.2 million secondary offering
Davis Polk advised the joint book-running managers in connection with the $747.2 million secondary offering of 12,052,528 shares of common stock of Oak Street Health, Inc. by certain selling shareholders. Oak Street Health is listed on the New York Stock Exchange under the symbol “OSH.”
Based in Chicago, Illinois, Oak Street Health owns and operates a network of value-based primary care centers for adult Medicare patients. The company utilizes an innovative healthcare model with a focus on building a care delivery platform to address rising costs and poor outcomes in the U.S. healthcare industry.
The Davis Polk capital markets team included partners Michael Kaplan and Pedro J. Bermeo and associate Ernesto Talamás Velázquez. The tax team included partner Mario J. Verdolini and associate Shay Moyal. Counsel Marcie A. Goldstein provided FINRA advice. The members of the Davis Polk team are based in the New York office.