Author: team@bsidestudios.com

GREENWICH, Conn. & OMAHA, Neb.–(BUSINESS WIRE)–Harbour Point Capital (“HPC”), a private equity investment firm specializing in the healthcare services field, today announced completion of a new investment in Midwest Medical Transport (“MMT”), a premier provider of ambulance transportation services. HPC and healthcare industry veteran Kevin Ketzel, former president of Agiliti Health (NASDAQ: AGTI), partnered on the transaction.

Panorama Point Partners (“Panorama”) and its equity partners, Dixon Midland Company (“Dixon Midland”) and ORIX Private Equity Solutions (“ORIX”), prior investors in MMT, have sold their interests as part of the recapitalization. Details were not disclosed.

Founded in Columbus, Nebraska, MMT began providing ambulance services in 1987, focusing on inter-facility transportation (“IFT”) within health systems. The company was acquired in 2015 by Panorama, Dixon Midland, and ORIX, and has since established itself as a clear market leader in the industry, customizing its model to currently serve more than 200,000 patients annually for health systems in 10 states across the country. The new investment will allow MMT to accelerate growth in both existing and new geographic locations, continuing its commitment to superior quality, safety and customer service.

“Panorama, Dixon Midland, and ORIX did an excellent job guiding MMT’s growth from a founder-led company to the industry leader we are today,” said Jeff Shullaw, President & CEO of MMT. “We are looking forward to expanding our footprint nationally to create sustainable access to healthcare, as we gain financial, strategic and operational support from Harbour Point Capital and Kevin.”

“MMT’s service model is unique in the IFT space, delivering customized solutions to its health system partners with unparalleled transparency and accountability,” said Robert Juneja, Co-Founder and Partner of Harbour Point Capital. “We believe the Company’s compelling value proposition has positioned it for accelerated growth. We are excited to partner with Kevin, Jeff and the rest of MMT’s management team for this next phase of development.”

“I am looking forward to working with Jeff and his team to expand MMT’s best in class service to customers and patients across the country,” added Mr. Ketzel, who has joined MMT’s board.

“We are proud to have assisted MMT in its growth, becoming the national leader in inter-facility medical transportation,” said Stephen George, Founder and Managing Partner of Panorama. “I have no doubt the MMT management team will reach its new goal, and I wish the company great success.”

About Midwest Medical Transport
Midwest Medical Transport is a premier provider of ambulance transportation services, completing more than 200,000 missions per year. Currently, the company serves hospitals and health care facilities in 10 states. For more information, please visit: www.midwest-med.com

About Harbour Point Capital
Harbour Point Capital is a private equity investment firm that partners with the founders and executives of innovative, high-growth healthcare services companies. Harbour Point Capital invests in companies that deliver value to the healthcare system by improving access and enabling the provision of higher quality care at lower cost. For more information, please visit: www.harbourpointcapital.com

About Panorama Point Partners
Panorama Point Partners, and its successor firm InterAlpen Partners, is a US based, globally minded growth private equity firm with a mission to combine profitability and purpose. It invests in growth stage, category winning companies at the nexus of technology and ESG impact. For more information, please visit: www.panoramapoint.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220125006174/en/Harbour-Point-Capital-Completes-Investment-in-Midwest-Medical-Transport

Contacts

Media Contacts:

For Midwest Medical Transport:
Rick Sheehy
402-469-6193
Rick@mwmtc.com

For Harbour Point Capital:
Anreder & Company
Steven Anreder
212-532-3232
steven.anreder@anreder.com

For Panorama Point Partners:
Stephen George
402-933-1280
Stephen@panoramapoint.com

CHICAGO–(BUSINESS WIRE)– Oak Street Health, Inc. (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, today announced the pricing of its previously announced underwritten public offering of 12,052,258 shares of its common stock by certain selling stockholders at a public offering price of $62.00 per share. The offering was upsized from a previously announced offering size of 10,000,000 shares. Such selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,807,838 shares of Oak Street’s common stock. Oak Street will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. The offering is expected to close on June 1, 2021, subject to customary closing conditions.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, William Blair and Piper Sandler are acting as joint book running managers for the offering. Truist Securities is acting as co-manager for the offering.

A registration statement relating to the offering of common stock has been declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: prospectus@williamblair.com; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at prospectus@psc.com.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the Company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Oak Street Health currently operates more than 85 centers across 13 states.

Forward-Looking Statements:
Certain of the statements made in this press release are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, such as those, among others, statements concerning the expected closing of the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to the satisfaction of customary closing conditions related to the offering and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Oak Street will be able to complete the offering on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements as predictions of future events, which statements apply only as of the date of this press release. Additional risks and uncertainties relating to the offering, Oak Street and its business can be found under the heading “Risk Factors” in Oak Street’s most recent Annual Report on Form 10-K, in its Quarterly Report on Form 10-Q and in the S-1 for this offering, filed with the Securities and Exchange Commission. Forward-looking statements represent Oak Street’s beliefs and assumptions only as of the date of this press release. Oak Street expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as may be required under applicable law.

Source: Oak Street Health

View source version on businesswire.com: https://www.businesswire.com/news/home/20210526006178/en/

Media:
Erica Frank
Vice President of Public Relations
(330) 990-5026
Erica.Frank@oakstreethealth.com

Investors:
Kevin Ellich (Westwicke)
(443) 450-4186
kevin.ellich@westwicke.com

CHICAGO–(BUSINESS WIRE)–Oak Street Health, Inc. (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, today announced the commencement of an underwritten public offering of 10,000,000 shares of its common stock by certain selling stockholders. Such selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Oak Street’s common stock. Oak Street will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and William Blair are acting as joint book running managers for the proposed offering.

The proposed offering of common stock will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: prospectus@williamblair.com.

A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the Company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients. Oak Street Health currently operates more than 85 centers across 13 states.

Forward-Looking Statements

Certain of the statements made in this press release are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, such as those, among others, statements concerning the expected closing of the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to the satisfaction of customary closing conditions related to the offering and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Oak Street will be able to complete the offering on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements as predictions of future events, which statements apply only as of the date of this press release. Additional risks and uncertainties relating to the offering, Oak Street and its business can be found under the heading “Risk Factors” in Oak Street’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and in the S-1 for this offering, filed with the Securities and Exchange Commission. Forward-looking statements represent Oak Street’s beliefs and assumptions only as of the date of this press release. Oak Street expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as may be required under applicable law.

Source: Oak Street Health

View source version on businesswire.com: https://www.businesswire.com/news/home/20210524005814/en/

Contacts

Media:
Erica Frank
Vice President of Public Relations
(330) 990-5026
Erica.Frank@oakstreethealth.com

Investors:
Kevin Ellich (Westwicke)
(443) 450-4186
kevin.ellich@westwicke.com

CHICAGO–(BUSINESS WIRE)– Oak Street Health, Inc. (“Oak Street”) (NYSE: OSH), a network of value-based primary care centers for adults on Medicare, today announced the pricing of its previously announced underwritten public offering of 10,723,821 shares of its common stock by certain selling stockholders at a public offering price of $56.00 per share. The offering was upsized from a previously announced offering size of 9,000,000 shares. Such selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,608,573 shares of Oak Street’s common stock. Oak Street will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. The offering is expected to close on February 16, 2021, subject to customary closing conditions.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, William Blair and Piper Sandler are acting as joint book running managers for the offering. Truist Securities is acting as a co-manager for the offering.

A registration statement relating to the offering of common stock has been declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: prospectus@williamblair.com; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at prospectus@psc.com.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients.

Oak Street Health currently operates more than 80 centers across Illinois, Michigan, Ohio, Pennsylvania, Texas, Indiana, North Carolina, Rhode Island, Tennessee, New York and Mississippi.

Forward-Looking Statements

Certain of the statements made in this press release are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, such as those, among others, statements concerning the expected closing of the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include, without limitation, risks and uncertainties related to the satisfaction of customary closing conditions related to the offering and the impact of general economic, industry or political conditions in the United States or internationally. There can be no assurance that Oak Street will be able to complete the offering on the anticipated terms, or at all. You should not place undue reliance on these forward-looking statements as predictions of future events, which statements apply only as of the date of this press release. Additional risks and uncertainties relating to the offering, Oak Street and its business can be found under the heading “Risk Factors” in Oak Street’s most recent most recent Quarterly Report on Form 10-Q and in the S-1 for this offering, filed with the Securities and Exchange Commission. Forward-looking statements represent Oak Street’s beliefs and assumptions only as of the date of this press release. Oak Street expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except as may be required under applicable law.

Source: Oak Street Health

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210006035/en/

Media:
Erica Frank
Vice President of Public Relations
(330) 990-5026
Erica.Frank@oakstreethealth.com

Investors:
Constantine Davides
Westwicke, an ICR Company
(339) 970-2846
Constantine.Davides@westwicke.com

Source: Oak Street Health, Inc.

Array Behavioral Care recently completed a Series B round led by Wells Fargo Strategic Capital which included new participation by Health Velocity Capital and multiple existing shareholders. Array will use the investment to continue to build upon its market leading position by accelerating growth in both existing and new geographies and increasing its established base of psychiatrists, psychiatric nurse practitioners and behavioral health professionals.

MOUNT LAUREL, NJ – Array Behavioral Care, the leading telepsychiatry service provider organization in the US, recently secured additional investment to further advance its mission to improve access to timely, quality behavioral health care for even more individuals across the country.

Wells Fargo Strategic Capital (WFSC) and Health Velocity Capital recognized the importance of Array Behavioral Care’s work and the opportunity presented.  They each made a significant investment to help fuel its continued growth. In addition to these new investors, many existing investors also contributed additional capital.

Array Behavioral Care is the new brand identity for InSight + Regroup, the combined organization formed by the 2019 merger between InSight Telepsychiatry and Regroup Telehealth. The new brand, including a new name, logo and website, was announced in early 2021.

Array addresses fundamental challenges related to timely access to mental health care for emergency departments (EDs), community mental health centers (CMHCs), Federally Qualified Health Centers (FQHCs) and an array of other care settings. The organization’s OnDemand Care division provides emergency departments with timely psychiatric consults, enabling quicker access to care and significantly improving the throughput of EDs.  Array’s Scheduled Care division provides CMHCs and FQHCs and other community-based settings with much needed access to psychiatric services and specialists in underserved communities. Array also has an AtHome Care division, which offers psychiatry and behavioral health services directly to individuals in their homes or other private settings.

“We are excited to welcome Wells Fargo Strategic Capital and Health Velocity Capital as key investors. Their knowledge of the industry and expertise in healthcare services, together with the continued trust and support of our existing investors, will allow us to make an even greater impact at a time when it is needed most” said Geoffrey Boyce, CEO of Array Behavioral Care. “This marks a significant milestone in our next phase of growth as we strive towards helping healthcare organizations, payers and individuals across the country access behavioral healthcare. With this new funding, we will be able to move faster to enhance our service offerings and operations, implement and use better systems, hire more people, take on new initiatives and increase our overall market presence and impact.”

Rod Altman, MD, Managing Director of Wells Fargo Strategic Capital, who led the deal commented: “As we look to the future, we believe in healthcare companies like Array Behavioral Care that provide high quality and cost-effective care across the healthcare ecosystem. We are excited to partner with the Array team to expand its market-leading position in behavioral care.”

Marty Felsenthal, Partner at Health Velocity Capital, noted: “With significant prior experience in both telemedicine and behavioral health care at companies like Teladoc, MDLive, Livongo and Ginger, our Partners believe Array Behavioral Care is extremely well positioned to serve the nation’s unfortunately growing mental health crisis.  We were clearly facing shortages of clinicians prior to the pandemic caused by the novel coronavirus, those shortages are even more acute now, and we believe the pandemic has and will continue to drive rapid continued adoption of telemedicine in behavioral health.”

Wells Fargo Strategic Capital and Health Velocity Capital join other industry leaders and early investors in Array Behavioral Care   including Harbour Point Capital, HLM Venture Partners, OCA Ventures, OSF Healthcare, Impact Engine, FristCressey Ventures, Hyde Park Angels and Wasson Enterprise.  Dr. Altman and Mr. Felsenthal will sit on the organization’s board of directors.

Robert Juneja, Co-Founder and Partner of Harbour Point Capital added: “Harbour Point Capital is impressed with the progress that Array Behavioral Care has made since our initial investment.  We feel privileged to have been part of the journey to improve access to mental health care for underserved individuals, facilities and communities and are excited to welcome two new strategic investors for this next phase of growth.”

About Array Behavioral Care
Array Behavioral Care (formerly InSight + Regroup) is the leading and largest telepsychiatry service provider in the country with a mission to transform access to quality, timely behavioral health care. Array offers telepsychiatry solutions and services across the continuum of care from hospital to home with its OnDemand Care, Scheduled Care and AtHome Care divisions. For more than 20 years, Array has partnered with hundreds of hospitals and health systems, community healthcare organizations and payers of all sizes to expand access to care and improve outcomes for underserved individuals, facilities and communities. As an industry pioneer and established thought leader, Array has helped shape the field, define the standard of care and advocate for improved telepsychiatry-friendly regulations.  To learn more, visit www.arraybc.com.

About Wells Fargo Strategic Capital
Wells Fargo Strategic Capital, a subsidiary of Wells Fargo & Company, provides long term capital in the form of equity and/or debt to current and prospective business customers, commercial partners of Wells Fargo, as well as approved Small Business Investment Company (SBIC) funds. Wells Fargo Strategic Capital’s Merchant Banking team focuses primarily on private companies across a wide range of industries, providing creative financing solutions that fund growth and other capital needs.  Wells Fargo Strategic Capital has approximately 45 team members across the United States and holds over 180 portfolio investments. For more information, visit https://www.wellsfargo.com/com/financing/strategic-capital/.

About Health Velocity Capital
Health Velocity Capital invests exclusively in innovative healthcare software and services companies contributing to a more affordable, sustainable, consumer-friendly healthcare system. The firm’s partners have more than 50 collective years as investors, entrepreneurs, and executives helping to finance and build innovative companies that created important new healthcare markets and that became market leaders, including companies such as Teladoc, Change Healthcare, Livongo, MDLive, US Renal Care, Aperio, Aspire Healthcare, and many others. In addition to investing on behalf of institutional investors, Health Velocity Capital invests on behalf of a number of the nation’s largest and most influential healthcare organizations and many of their top executives who collectively represent organizations that provide health insurance to more than 140 million Americans, operate almost 500 hospitals, provide pharmacy and PBM services to more than 75% of all Americans, and provide software and services to every major hospital in the United States. For more information, please visit www.healthvelocitycapital.com.

MOUNT LAUREL, NJ– InSight + Regroup, a recognized leader in telepsychiatry and telebehavioral health has unveiled a new name, new logo and new website as part of an extensive rebranding initiative. The organization will now be known as Array Behavioral Care, a name that highlights their unique ability to deliver modern, quality behavioral health care to settings ranging from hospitals to homes.

“The time was right to modernize, streamline and simplify our brand identity,” said Geoffrey Boyce, Chief Executive Officer.

“The name Array represents our ability to offer services across the continuum of care and the breadth of opportunities we offer to clinicians,” said David Cohn, Chief Growth Officer, who led the rebranding efforts.

“We also wanted something that expresses our focus on innovation within the behavioral space while conveying a positive, hopeful tone. Our new brand symbolizes continuous growth while representing who we are, what we do, where we’ve been and where we want to go as an organization.”

The Array clinical team started practicing telepsychiatry in 1999 when its Chief Medical Officer, Jim Varrell, MD provided the nation’s first commitment via telepsychiatry.

In December 2019, InSight Telepsychiatry and Regroup Telehealth joined forces to form the largest telepsychiatry service organization in the country under the name InSight + Regroup.

In 2020, the organization positioned itself for significant growth by conducting hundreds of thousands of telepsychiatry sessions and hiring 325 new clinicians. The team made rapid expansions to its Array AtHome service line, formerly known as Inpathy, as consumers and clinicians alike shifted to totally remote options. Array also developed creative partnerships that integrated behavioral health services into primary care practices and launched programs that allowed for hospitals and health -systems to leverage teams of telebehavioral health clinicians in order to efficiently meet COVID-related spikes in mental health demand.

For 2021, the Array team forecasts significant enhancements and scaled-growth within their three service lines as well as a major investment in the organization’s growing ‘people’ function.

“We are prioritizing programs that cement Array as the employer of choice for forward-thinking behavioral health clinicians and administrators,” says Kelly Lewis, Array’s recently appointed Chief People Officer. “The Array brand perfectly encompasses the myriad of opportunities, the supportive, mission-driven team and the commitment to inclusion that this organization values.”

This rebranding, which was supported by branding firm Addison Whitney, solidifies Array’s value proposition and positions the organization as the industry-leader in modern behavioral care.

About Array Behavioral Care

Array Behavioral Care (formerly InSight + Regroup) is the leading and largest telepsychiatry service provider in the country with a mission to transform access to quality, timely behavioral health care. Array offers telepsychiatry solutions and services across the continuum of care from hospital to home with its OnDemand Care, Scheduled Care and AtHome Care divisions. For more than 20 years, Array has partnered with hundreds of hospitals and health systems, community healthcare organizations and payers of all sizes to expand access to care and improve outcomes for underserved individuals, facilities and communities. As an industry pioneer and established thought leader, Array has helped shape the field, define the standard of care and advocate for improved telepsychiatry-friendly regulations. To learn more, visit www.arraybc.com.

CHICAGO–(BUSINESS WIRE)– Oak Street Health, Inc. (“Oak Street”), a fast-growing network of value-based, primary care centers for adults on Medicare, today announced the closing of its initial public offering of 17,968,750 shares of its common stock, including the exercise in full of the underwriters’ option to purchase 2,343,750 additional shares of common stock, at the initial public offering price of $21.00 per share. Gross proceeds to Oak Street, before deducting underwriting discounts and commissions and offering expenses, were approximately $377 million. Oak Street’s common shares are listed on the New York Stock Exchange under the symbol “OSH.”

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, William Blair and Piper Sandler acted as joint book running managers for the offering. Baird and Truist Securities, formerly known as SunTrust Robinson Humphrey, acted as co-managers for the offering.

The offering of these securities was made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: prospectus@williamblair.com; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at prospectus@psc.com.

A registration statement on Form S-1 relating to these securities was filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:

Founded in 2012, Oak Street Health is a fast-growing network of value-based, primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients.

Oak Street Health currently operates more than 50 centers across Illinois, Michigan, Indiana, Pennsylvania, Ohio, Rhode Island, North Carolina, Tennessee and Texas, with plans to continue its geographic expansion, including into New York and Mississippi, in 2020.

Source: Oak Street Health

View source version on businesswire.com: https://www.businesswire.com/news/home/20200811005696/en/

Media Contact:
Erica Frank, Vice President of Public Relations | Oak Street Health | Erica.Frank@oakstreethealth.com

Investor Contact:
Constantine Davides | Westwicke, an ICR Company | Constantine.Davides@westwicke.com

Source: Oak Street Health

CHICAGO–(BUSINESS WIRE)–Oak Street Health, Inc. (“Oak Street”), a fast-growing network of value-based, primary care centers for adults on Medicare, today announced the pricing of its initial public offering of 15,625,000 shares of its common stock at a price to the public of $21.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “OSH” on August 6, 2020, and the offering is expected to close on August 10, 2020, subject to customary closing conditions. In addition, Oak Street has granted the underwriters a 30-day option to purchase up to an additional 2,343,750 shares of common stock at the initial public offering price less underwriting discounts and commissions.

J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley, William Blair and Piper Sandler are acting as joint book running managers for the offering. Baird and Truist Securities, formerly known as SunTrust Robinson Humphrey, are acting as co-managers for the offering.

The offering of these securities is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email: prospectus@williamblair.com; or Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at prospectus@psc.com.

A registration statement on Form S-1 relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Oak Street Health:
Founded in 2012, Oak Street Health is a fast-growing network of value-based, primary care centers for adults on Medicare. With a mission of rebuilding healthcare as it should be, the company operates an innovative healthcare model focused on quality of care over volume of services, and assumes the full financial risk of its patients.

Oak Street Health currently operates more than 50 centers across Illinois, Michigan, Indiana, Pennsylvania, Ohio, Rhode Island, North Carolina, Tennessee and Texas, with plans to continue its geographic expansion, including into New York and Mississippi, in 2020.

Source: Oak Street Health

Contacts

Media Contact:
Erica Frank, Vice President of Public Relations | Oak Street Health | Erica.Frank@oakstreethealth.com

Investor Contact:
Constantine Davides | Westwicke, an ICR Company | Constantine.Davides@westwicke.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20200805006118/en/Oak-Street-Health-Announces-Pricing-Initial-Public

InSight Telepsychiatry and Regroup Telehealth have merged to become the largest and most comprehensive telepsychiatry service provider in the US.

The merger between InSight and Regroup brings together a robust network of providers and an impressive group of clinical and executive leaders with extensive experience and expertise across different care settings and patient populations for underserved individuals and communities. This joint effort will allow for increased delivery of mental health services across the country in response to a nationwide shortage of specialists coupled with a rising need for behavioral health services.

“InSight is excited about the merger with Regroup and the opportunities it represents. Our organizations are remarkably similar in terms of culture, values and vision for the future. By combining our passion, drive and efforts, we will continue to set the standard for telepsychiatry delivery, leading the way to unprecedented access to care to those who need it most,” said Geoffrey Boyce, CEO of InSight and the new combined organization. “This merger allows us to align our shared goals, operational efficiencies and established models to offer scalable solutions across the continuum of care.”

InSight Telepsychiatry, based in Mt Laurel, NJ, has more than twenty years of telepsychiatry experience and serves hundreds of organizations in various settings with its on-demand, scheduled and direct-to-consumer (Inpathy) divisions. Since its inception, InSight has maintained its reputation as a trusted and experienced industry thought leader by upholding a high standard of clinical care and actively advocating for increased adoption of telebehavioral health.

Regroup, founded in 2011 and based in Chicago, brings customized telepsychiatry solutions, technology and comprehensive support teams that contribute to the seamless integration of behavioral health clinicians at partner care sites. With backing from a group of funders including the Hyde Park Angels and Frist Cressey Ventures, Regroup grew quickly. Their clinicians collaborate with onsite care teams on patient care plans and workflows, yielding better behavioral care, shorter wait times and reduced barriers in settings such as primary care clinics, community health centers, hospitals and correctional facilities.

“Regroup is excited to complement our proven approach to integrated telepsychiatry with InSight’s breadth of services, including on-demand services for partners and direct-to-consumer solutions for patients seeking care at home or other care settings of their choice,” said David Cohn, Founder and CEO of Regroup. Cohn will serve as Chief Growth Officer and maintain a seat on the board of directors for the newly combined organization.

Investors in the combined company include Harbour Point Capital, HLM Venture Partners, OCA Ventures, OSF Ventures, and Impact Engine. Ziegler, a specialty investment bank, represented Regroup in the merger process.

“Geoffrey and the leadership team are highly regarded by both the mental health provider community and their partners. This next phase of growth will continue to improve access to mental health care for underserved individuals, facilities and communities,” said David Crane, Chairman of the new organization’s board and a Partner at Harbour Point Capital.

“HLM has been a firm supporter of Regroup and is proud to see the impact they have made on how behavioral health services are provided virtually across the US. This merger marks a new chapter where the combined entity will be uniquely positioned to shape the future of the telebehavioral market even further,” said Vin Fabiani of HLM Venture Partners. Fabiani will continue to serve on the new organization’s board of directors.

About InSight Telepsychiatry

Founded by child and adolescent psychiatrist, Jim Varrell, MD, InSight is the leading national telepsychiatry service provider with a mission to transform access to quality behavioral health care through innovative applications of technology. InSight has more than two decades of telepsychiatry experience and serves hundreds of organizations across the country with its on-demand, scheduled services and Inpathy divisions. InSight has led the growth of the telepsychiatry industry and remains an industry thought leader and advocate. To learn more, visit www.InSightTelepsychiatry.com.

About Regroup Telehealth

In partnership with providers at more than 175 care locations across America, Regroup brings individualized mental health services to deliver hundreds of thousands of patient sessions per year. Regroup’s clinician-focused culture attracts highly qualified clinicians that are supported by a dedicated team of recruiting, licensing and credentialing, account management, clinician relations and technical implementation teams. For more information, visit www.regrouptelehealth.com.

The two organizations will continue to utilize their respective names and brands throughout the integration process.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191210005095/en/InSight-Telepsychiatry-Regroup-Announce-Merger-Largest-Telepsychiatry