OAK STREET HEALTH, INC.

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Oak Street Health : Opens Second Center in Albuquerque

10/20/2021 | 06:24pm EDT

Leader in Value-based Primary Care Welcomes Patients in New Mexico

ALBUQUERQUE, NM - October 20, 2021 - Oak Street Health (NYSE: OSH), a network of value-based primary care centers for adults on Medicare, is expanding access to more older adults with today's opening of its second Albuquerque center at 4208 Central Ave SW, Suite G. The Atrisco center is the second center to open in Albuquerque in the last month. A third Albuquerque center is expected to open by the end of 2021.

"We are excited to expand access to our high-quality, value-based care to members of the Albuquerque community with the opening of this new center," said Dr. Stephen Sproul, Senior Medical Director at Oak Street Health.​"The majority of older adults we care for have two or more chronic conditions, making this kind of care so important. As our organization continues its mission to rebuild healthcare as it should be, we look forward to improving patient outcomes in New Mexico and helping older adults live their healthiest lives."

Oak Street Health patients can expect an unmatched healthcare experience that includes quality time with their provider in-person or via telehealth visit; a 247 patient support line; individualized, preventive care plans; and access to transportation to and from the center for eligible patients. Additional services, such as behavioral health care and social health support, and Medicare education classes, are also offered to help older adults meet their unique needs in one convenient location.

Since its founding in 2012, Oak Street Health has driven an approximately 51 percent reduction in patient hospital admissions compared to Medicare benchmarks, a 42 percent reduction in 30-day readmission rates and a 51 percent reduction in emergency department visits, all while maintaining a Net Promoter Score of 90 across patients. Oak Street Health will accept multiple health plans at all locations, including traditional Medicare.

To learn more about Oak Street Health's value-based primary care model, click here.

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 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.

Disclaimer

Oak Street Health Inc. published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 22:23:03 UTC.


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Financials (USD)
Sales 2022 2 126 M - -
Net income 2022 -468 M - -
Net Debt 2022 580 M - -
P/E ratio 2022 -8,63x
Yield 2022 -
Capitalization 4 267 M 4 267 M -
EV / Sales 2022 2,28x
EV / Sales 2023 1,69x
Nbr of Employees 5 200
Free-Float 89,7%
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Number of Analysts 19
Last Close Price 17,70 $
Average target price 30,63 $
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Managers and Directors
Michael T. Pykosz Chairman & Chief Executive Officer
Brian Clem President & Chief Operating Officer
Timothy Cook Chief Financial Officer
Griffin Myers Director & Chief Medical Officer
David R. Buchanan Chief Clinical Officer