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Oak Street Health Secures $300 Million In Financing From Hercules Capital And Silicon Valley Bank

PRIVATENov 16, 2022

Amount Raised

$300 Million

Round Type

Funding Round

ChicagoHealthcareHealth Care

Investors

Hercules Capital

Description

Silicon Valley Bank, the bank of the world's most innovative companies and investors, and Hercules Capital, Inc. (NYSE: HTGC), today announced that they provided a $300 million credit facility to Oak Street Health (NYSE: OSH), a network of value-based primary care centers for adults on Medicare. The financing is intended to provide Oak Street Health with operational and strategic capital for the next several years.

Quick answer

Oak Street Health raised $300 Million in a Funding Round round, dated November 16, 2022. Investors: Hercules Capital. Oak Street Health is based in Chicago, Illinois, United States.

How much did Oak Street Health raise?
Oak Street Health raised $300 Million in a Funding Round round on November 16, 2022.
Who invested in Oak Street Health?
Hercules Capital is named as investors in this round.
What does Oak Street Health do?
Founded in 2012, Oak Street Health is a network of value-based primary care centers for adults on Medicare.
Where is Oak Street Health based and how big is it?
Oak Street Health is based in Chicago, Illinois, United States.

Source: Fundz verified event record.

Who else raised in Healthcare and Health Care around the same time

Companies in the same sectors as Oak Street Health that raised within 45 days of this round, from Fundz verified event records.

  • Modify Health raised $10M on December 30, 2022.
  • ByHeart raised $30M on December 30, 2022.
  • Rimidi raised $5M on December 28, 2022.
  • Endovia Health Sciences, Inc. raised $4M (Seed) on December 27, 2022.
  • Suturegard Medical raised $8K (Seed) on December 22, 2022.
  • Madrigal Pharmaceuticals raised $300M (Funding Round) on December 21, 2022.

Who to call at Oak Street Health, and when

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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.

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Oak Street Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.