About Oak Street Health
Oak Street Health is a company based in Chicago (United States) founded in 2012 by Griffin Myers was acquired by CVS Health in February 2023.. Oak Street Health has raised $200.78 million across 7 funding rounds from investors including CVS Health, Harbour Point Capital and Quantum Strategic Partners. The company has 1,420 employees as of December 31, 2022. Oak Street Health has completed 2 acquisitions, including CityLife Neighborhood Clinics and RubiconMD. Oak Street Health operates in a competitive market with competitors including Mayo Clinic, Everside Health, NextCare, Premise Health and Kelsey-Seybold Clinic, among others.
- Headquarter Chicago, United States
- Employees 1420 as on 31 Dec, 2022
- Founders Griffin Myers
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$0 (USD)0as on Aug 31, 2023
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Net Profit
$-7.46 K (USD)-331as on Aug 31, 2023
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EBITDA
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Total Equity Funding
$200.78 M (USD)
in 7 rounds
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Latest Funding Round
$800 M (USD), Post-IPO
Mar 11, 2021
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Investors
CVS Health
& 2 more
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Employee Count
1420
as on Dec 31, 2022
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Investments & Acquisitions
CityLife Neighborhood Clinics
& 1 more
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Acquired by
CVS Health
(Feb 08, 2023)
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Software Development Team
292 people
Leadership Team
197 people
Data Analysis and Operations Team
97 people
Product Management Team
66 people
Senior Team
59 people
Operations Team
38 people
Legal and Compliance
37 people
Sales and Marketing
35 people
Unlock access to complete
Funding Insights of Oak Street Health
Oak Street Health has successfully raised a total of $200.78M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $800 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $800.0M
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First Round
First Round
(14 Dec 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Post-IPO - Oak Street Health | Valuation |
investors |
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| May, 2019 | Amount | Series C - Oak Street Health | Valuation |
investors |
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| Sep, 2018 | Amount | Series C - Oak Street Health | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oak Street Health
Oak Street Health has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include CVS Health, Harbour Point Capital and Quantum Strategic Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Harbour Point Capital is engaged in private equity investments focused on healthcare.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Retail pharmacy and healthcare services are provided nationwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oak Street Health
Oak Street Health has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CityLife Neighborhood Clinics and RubiconMD. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Chain of general clinics
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2015 | ||||
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Remote consults are enabled between primary care physicians and specialists.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Oak Street Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oak Street Health Comparisons
Competitors of Oak Street Health
Oak Street Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mayo Clinic, Everside Health, NextCare, Premise Health and Kelsey-Seybold Clinic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
General medical clinics are operated throughout the United States.
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| domain | founded_year | HQ Location |
Chain of general clinics
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| domain | founded_year | HQ Location |
Chain of urgent care clinics
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| domain | founded_year | HQ Location |
A chain of general clinics is operated by Premise Health.
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| domain | founded_year | HQ Location |
Chain of general clinics
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oak Street Health
Frequently Asked Questions about Oak Street Health
When was Oak Street Health founded?
Oak Street Health was founded in 2012.
Where is Oak Street Health located?
Oak Street Health is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Oak Street Health a funded company?
Oak Street Health is a funded company, having raised a total of $200.78M across 7 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Dec 14, 2012.
How many employees does Oak Street Health have?
As of Dec 31, 2022, the latest employee count at Oak Street Health is 1,420.
What does Oak Street Health do?
Oak Street Health was established in 2012 in Chicago, United States, as a provider in the healthcare sector. Senior care services, including primary medical attention and chronic condition management, are delivered through community-based clinics. Operations span multiple U.S. states, with a focus on Medicare-eligible patients. The company was co-founded by Griffin Myers, emphasizing coordinated care models.
Who are the top competitors of Oak Street Health?
Oak Street Health's top competitors include NextCare, CityMD and Mayo Clinic.
How many acquisitions has Oak Street Health made?
Oak Street Health has made 2 acquisitions, including CityLife Neighborhood Clinics, and RubiconMD.
Who are Oak Street Health's investors?
Oak Street Health has 3 investors. Key investors include CVS Health, Harbour Point Capital, and Quantum Strategic Partners.