Oak Street Health Reports Second Quarter 2020 Financial Results

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Oak Street Health, Inc. (NYSE: OSH) (the “Company”), a network of value-based, primary care centers for adults on Medicare, today reported financial results for its second quarter ended June 30, 2020.”We were pleased with our second quarter financial results, which highlighted both our strong organic revenue growth and the resiliency of our model despite the impact from the COVID-19 pandemic. I credit our team members, all of whom acted swiftly to implement adjustments to our operations while maintaining our commitment to exceptional patient care,” said Mike Pykosz, Chief Executive Officer of Oak Street Health. “Looking forward, we expect the proceeds from our recently completed initial public offering to help us execute on our vision of extending our value-based care platform to Medicare beneficiaries across the country.”Second Quarter 2020 Financial Highlights Total revenue was $214.4 million, up 69% year over yearThe Company cared for approximately 57,500 at-risk patients, representing 67% of its total patientsLoss from operations was ($24.4) million, compared to ($18.4) million in the second quarter 2019Platform contribution1 was $19.4 million, up 81% year over yearNet loss was ($26.8) million, compared to ($20.3) million in the second quarter 2019Adjusted EBITDA2 was ($17.6) million, compared to ($16.0) million in the second quarter 2019As of June 30, 2020, the company operated 54 centers, compared to 44 centers at June 30, 2019__________________ (1) …

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