Oak Street Health Raises $328M in Series E
Oak Street Health has successfully raised $328M in a Series E at a $3B valuation led by General Atlantic, Newlight Partners.
Company Overview
Oak Street Health is a HealthTech company headquartered in Chicago, IL, founded in 2012 with 2500+ employees.
Primary care for Medicare patients
Fundraising Details
- Amount Raised: $328M
- Round Type: Series E
- Valuation: $3B
- Date: 2019-05-07
- Investors: General Atlantic, Newlight Partners
About Oak Street Health
Primary care for Medicare patients The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Chicago, IL
- Founded: 2012
- Team Size: 2500+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Oak Street Health's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Oak Street Health's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Oak Street Health, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Oak Street Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2019-05-07. For more information about Oak Street Health, visit their headquarters at Chicago, IL.
