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Store Capital Announces Proxy Advisory Firms Iss And Glass Lewis Recommend Stockholders Vote “For” Proposed Acquisition By Gic And Oak Street

Nov 29, 2022about 3 years ago

Acquiring Company

Oak Street Health

Acquired Company

STORE Capital

ChicagoSingaporeScottsdaleHealth CareVenture CapitalReal EstateFinancial Services

Description

STORE Capital Corporation (NYSE: STOR) (“STORE Capital” or the “Company”), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that leading independent proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) have each recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the Company by affiliates of GIC, a global institutional investor, and funds managed by Oak Street, a Division of Blue Owl, at the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for December 9, 2022 at 8:00 a.m., Arizona time.

Company Information

Company

Oak Street Health

Location

Chicago, Illinois, United States

About

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 100 centers across 18 states and is the only primary care provider to carry the AARP name. To learn more about Oak Street Health’s proven approach to care, visit oakstreethealth.com.

Company

GIC

Location

Singapore, Southeast Asia, Singapore

About

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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