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Oak Street Health (NYSE: OSH) announces the immediate retirement of Carl Daley, Senior Vice President of Retail Strategy and Operations at Humana, from its Board of Directors. This change reflects the evolving partnership between Oak Street Health and Humana since Humana's initial investment in 2019. Despite this shift, both companies reaffirm their commitment to their strategic alliance and the quality of care provided to patients. Oak Street Health operates over 100 centers across 15 states, focusing on value-based primary care for Medicare patients.
Oak Street Health (NYSE: OSH) announced its participation in the 19th Annual Morgan Stanley Global Healthcare Conference on September 9, 2021, featuring a virtual fireside chat at 11:45 a.m. ET. The company, established in 2012, operates over 100 value-based primary care centers for Medicare adults across 15 states. Oak Street Health prioritizes quality of care and assumes financial risk for its patients. For more details, the webcast and presentation materials can be accessed on their investor relations website.
Oak Street Health (NYSE: OSH) reported Q2 2021 financial results, showcasing significant growth despite pandemic challenges. Revenue soared by 65% year-over-year to $353.1 million, driven by a 67% increase in capitated revenue.
However, the company faced medical cost headwinds resulting in an Adjusted EBITDA loss of $53.5 million. The number of at-risk patients grew by 54%, and the company opened 9 new centers, marking a total of 95 facilities operating. Oak Street Health increased its full-year revenue guidance to a range of $1.37 billion to $1.40 billion.
Oak Street Health (NYSE: OSH) is launching its "Meet Me At Oak Street" events across nearly 100 centers in 15 states, aiming to support 100,000 older adults in reconnecting socially post-pandemic. The initiative is part of their mission to enhance social health for older adults who faced isolation during lockdowns. Alongside this, the company has reopened community rooms for activities. Oak Street Health emphasizes the importance of vaccinations, hygiene, and safety for participants while offering comprehensive healthcare services.
Oak Street Health (NYSE: OSH) will hold a conference call on August 10, 2021, at 8:00 AM ET to discuss its fiscal Q2 2021 financial results. The press release detailing these results will be issued on August 9, 2021, after market close. Operating over 80 centers across 13 states, Oak Street Health focuses on value-based primary care for Medicare adults, emphasizing quality of care while assuming financial risk for patient health outcomes. For further information, the call can be accessed via phone or through their investor relations webpage.
Oak Street Health (NYSE: OSH) is expanding into Arizona in 2022, marking its 20th state. This move aims to enhance care for older adults in Phoenix and Tucson while creating local job opportunities. The company emphasizes a superior healthcare model that includes personalized care plans, telehealth services, and 24/7 patient support. Since 2012, Oak Street Health has achieved about a 51% reduction in patient hospital admissions and a 90 Net Promoter Score. The centers will accept various health plans, including traditional Medicare.
Oak Street Health (NYSE: OSH) will feature CEO Mike Pykosz and CFO Tim Cook at the 42nd Annual Goldman Sachs Global Healthcare Conference on June 8 and 9, 2021. They will participate in a virtual fireside chat at 1:20 p.m. (ET) on June 9. The event will be available for live webcast, with further details accessible through their investors' page. Founded in 2012, Oak Street Health operates over 85 value-based primary care centers for Medicare adults across 13 states, prioritizing quality of care over service volume.
Oak Street Health (NYSE: OSH) announced CEO Mike Pykosz and CFO Tim Cook will participate in the 41st Annual William Blair Growth Stock Conference on June 1, 2021. They will conduct a virtual fireside chat at 3:40 p.m. ET. The presentation will be available via webcast, with details accessible on their investor relations website. Oak Street Health operates over 85 primary care centers across 13 states, focusing on value-based care for Medicare adults by emphasizing quality over quantity in healthcare services.
Oak Street Health, Inc. (NYSE: OSH) announced the pricing of an underwritten public offering of 12,052,258 shares of common stock by selling stockholders at $62.00 per share, up from an initial plan of 10 million shares. The offering includes a 30-day option for underwriters to purchase an additional 1,807,838 shares. Oak Street will not receive proceeds from this sale, and closing is expected on June 1, 2021, pending customary conditions. Major banks involved include J.P. Morgan, Goldman Sachs, and Morgan Stanley.
