Oak Street Health, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael T. Pykosz
- Full Time Employees
- 6,000
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- 30 West Monroe Street Chicago IL United States of America 60603
- IPO Date
- Aug 6, 2020
- CIK
- 0001564406
- Website
- oakstreethealth.com
- Similar Companies
- Business
- Oak Street Health, Inc. operates as a primary care provider specialized in delivering value-based healthcare services for older adults on Medicare, focusing on personalized preventive care aimed at improving health outcomes and quality of life. The company's core offerings encompass a comprehensive portfolio of primary care services including wellness and preventive care, chronic condition management, immunizations, laboratory testing, behavioral health services, podiatry, pharmacy services, and specialty referrals. Oak Street Health also provides integrated care coordination and personalized wellness plans designed to address the unique needs of Medicare and Medicare Advantage patients, predominantly targeting low- to moderate-income seniors in underserved communities across 27 U.S. states. Founded in 2012 and headquartered in Chicago, Illinois, the company operates a growing network of health centers providing in-person and coordinated care to its patient population. Recently, Oak Street Health became a wholly owned subsidiary of CVS Health following an acquisition finalized in 2023 for approximately $10.6 billion. This strategic acquisition aims to combine Oak Street Health's value-based care model with CVS Health’s extensive national reach to create a premier integrated primary care solution for seniors. Since the acquisition, Oak Street Health has continued to expand its center footprint, targeting over 300 centers by 2026 with significant embedded adjusted EBITDA potential. However, in 2025, CVS Health initiated a restructuring involving the closure of 16 underperforming Oak Street Health centers—approximately 7% of the total—due to increased medical expenses, changing payer dynamics, and federal policy adjustments, along with a workforce reduction of over 200 employees primarily affecting Illinois operations. Despite these operational adjustments, CVS Health maintains its commitment to Oak Street Health’s model, continuing to operate over 230 centers nationwide and investing in its growth as a key component of its broader primary care and value-based care strategy. Oak Street Health serves the Medicare population with a focus on preventive and chronic disease care through dedicated care teams that include physicians, social workers, mental health professionals, and insurance specialists helping patients navigate Medicare options. Its service model emphasizes long initial consultations and regular monthly follow-ups to foster strong patient-provider relationships and individualized health management. The company’s integrated service offerings are designed to optimize Medicare benefits, reduce hospital admissions, and enhance patient satisfaction and care continuity. Oak Street Health’s operations and care delivery are supported by its parent company CVS Health’s infrastructure, driving synergy in primary care expansion, cost management, and healthcare innovation.
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