- Oak Street is pioneering a new approach to primary care provision for Medicare patients managing chronic conditions.
- The company operates branded healthcare centers supported by a digital data analytics platform focused on providing cost-effective, streamlined, value-based care.
- Oak Street is based in Chicago and raised $328m in an August '20 IPO to fund expansion into new territories, followed by an $800m convertible debt offering.
- The company has ambitious growth plans, operating almost like a franchise, as a middleman between payors, providers, and patients.
- At current price of $62, and market cap >$15bn, I think Oak Street could struggle to meet the market's growth expectations, but an entry point of ~$50 could be attractive.
For further details see:
Oak Street Health: Bar Of Expectation May Be Set A Little Too High