Davis Polk advised the joint book running managers in connection with the $377.3 million initial public offering of 17,968,750 shares of common stock of Oak Street Health, Inc., which includes 2,343,750 shares from the full exercise of the underwriters’ over-allotment option to purchase additional shares. 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 primary care centers for Medicare patients with a focus on building a care delivery platform that addresses 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 associates Gil Savir, Ernesto Talamás Velázquez and Wendy Li. Counsel Daniel F. Forester provided intellectual property advice. The tax team included partner David H. Schnabel and associate Erin van Wesenbeeck. Counsel Gregory D. Hughes provided executive compensation advice. Counsel Marcie A. Goldstein provided FINRA advice. The members of the Davis Polk team are based in the New York and Northern California offices.