Oak Street Health Risk Report
Explore Oak Street Health across six non‑financial risk dimensions:ESG, Workforce, News & Media, Cybersecurity, Legal & Regulatory, Operational. Unlock the full report, original sources and timelines, and enable continuous monitoring.
Summary
🛡️ Financial & Liquidity
Oak Street Health has faced significant financial challenges, with a key event occurring when Oak Street Health was acquired by CVS Health in a $10.6 billion deal. This acquisition aims to bolster CVS's primary care capabilities. Despite this, Oak Street Health has shown expansion plans, indicating a potential positive shift in their financial trajectory.
- Oak Street Health was acquired by CVS Health in a deal worth $10.6 billion 🗓 February 8, 2023.
- Oak Street Health reported a $510 million loss for the year, outlining risks related to their acquisition by CVS 🗓 March 1, 2023.
- Oak Street Health secured $300 million in financing to support ongoing operations 🗓 November 16, 2022.
⚖️ Legal & Regulatory
The company has encountered legal challenges, most notably involving settlements and regulatory investigations. These legal issues, including a significant $60 million settlement, indicate ongoing risks concerning compliance and regulatory oversight.
- Oak Street Health agreed to pay $60 million to settle allegations of a kickback scheme 🗓 September 18, 2024.
- DOJ investigation into Oak Street Health's third-party marketing and transportation relationships was reported 🗓 November 9, 2021.
👥 Labor & Workforce
There have been notable changes within the company's workforce, primarily highlighted by executive departures. These transitions may impact the company's strategic direction and operational effectiveness.
- Former CEO Mike Pykosz exited the company, creating a significant leadership shift 🗓 November 19, 2024.
- Co-founder of Oak Street Health departed from CVS Health, affecting the leadership team 🗓 November 19, 2024.
🏗️ Operational & Business Continuity
Oak Street Health is focusing on business expansion and continuity, particularly through its partnerships and clinic openings. These initiatives are pivotal in addressing their operational risks by enhancing service offerings and geographical reach.
- Oak Street Health planned expansions into four new states to extend their primary care services and reach more older adults 🗓 June 1, 2023.
- A new health care facility focused on seniors was opened in Topeka, signaling growth in key markets 🗓 November 18, 2024.
📜 Innovation & R&D
The company's plans for innovation seem to focus on expanding service models and partnerships to enhance patient care. These strategic moves underscore Oak Street Health's commitment to innovating within the healthcare sector.
- Oak Street Health reported the launch of a joint venture to offer primary care within dialysis centers 🗓 March 24, 2023.
- Oak Street Health expanded virtual specialty care with a $130 million deal for RubiconMD 🗓 October 22, 2021.
Profile
News & Media
Real‑time aggregation of trusted sources tracking company‑related events with sentiment and topic tags for rapid risk triage.
Sign up to unlock Oak Street Health’s complete news feed with sentiment and topic tags.
View Full ReportEntity List
Continuous third‑party screening across global sanctions, enforcement, and watchlist sources with unified entity resolution and real‑time alerts.
| Name | Issuer | Status |
|---|---|---|
| ACF List of War Enablers | Anti-Corruption Foundation | |
| African Development Bank Debarred Entities | African Development Bank Group | |
| Argentina Members of Parliament | Honorable Cámara de Diputados de la Nación Argentina | |
| Argentina RePET Sanctions | Ministerio de Justicia | |
| Armenia Public Officials and Associates | Hetq Online | |
| Asian Development Bank Sanctions | Asian Development Bank | |
| Australian Sanctions Consolidated List | Department of Foreign Affairs and Trade | |
| Democratic People's Republic Of Korea (North Korea) Sanctions Regime | Department of Foreign Affairs and Trade | |
| Former Federal Republic Of Yugoslavia Sanctions Regime | Department of Foreign Affairs and Trade | |
| Iran Sanctions Regime | Department of Foreign Affairs and Trade |
Sign up to unlock Oak Street Health’s sanctions, enforcement, and watchlist risk profile.
View Full ReportESG
Verification of declared ESG commitments and certifications with evidence links, score signals, and status updates across E, S, and G.
| Name | Status |
|---|---|
| Sustainable Finance Disclosure Regulation | |
| Global Reporting Initiative Standards | |
| EU Taxonomy Regulation | |
| EU Corporate Sustainability Reporting Directive | |
| California Transparency in Supply Chains Act | |
| EU Non-Financial Reporting Directive | |
| ISO 14001 | |
| Sustainability Accounting Standards Board Standards | |
| Task Force on Climate-related Financial Disclosures | |
| UN Guiding Principles on Business and Human Rights |
Sign up to unlock Oak Street Health’s ESG commitments, certifications, and controversy signals.
View Full ReportCybersecurity
Verification of adherence to recognized security standards, mapping control coverage and gaps affecting third‑party and supply‑chain risk.
| Certification | Status |
|---|---|
| General Data Protection Regulation | |
| Digital Operational Resilience Act | |
| Cybersecurity Maturity Model Certification | |
| NIST Cybersecurity Framework | |
| NIST 800-53 Revision 5 | |
| California Consumer Privacy Act | |
| ISO/IEC 27001 | |
| Health Insurance Portability and Accountability Act | |
| Payment Card Industry Data Security Standard | |
| Federal Information Security Modernization Act |
Sign up to unlock Oak Street Health’s security standards, control gaps, and exposure risks.
View Full ReportGet Oak Street Health's full Non-Financial Risk Report
By signing up, you agree to our Terms and Privacy Policy.