Oak Street Health Plans Aggressive Growth

A Chicago-based network of clinics for people 65 and older unveiled an aggressive growth plan Thursday as the population ages. Oak Street Health’s “significant nationwide expansion” involves launching centers in two new markets and bulking up in existing service areas, the company said. The company opened one center Monday in Memphis—it’s first in Tennessee—and plans to open another one near that clinic in April, spokeswoman Erica Frank said in an email. Oak Street will expand into Texas this summer with its first Dallas-Fort Worth clinic. In existing markets, Oak Street is getting ready to open three new centers in Detroit, one in Cleveland and one in Greensboro, N.C. Additional centers are in the works in new and existing markets, Frank said. Privately held Oak Street was founded in 2012 by three Boston Consulting Group colleagues, including current CEO Mike Pykosz. It’s backed by investment firms backed by General Atlantic, Newlight Partners and Harbour Point Capital.

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Source: https://www.modernhealthcare.com/providers/oak-street-health-plans-aggressive-growth

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