Oak Street Health

Lazard Welcomes Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare

Retrieved on: 
Giovedì, Maggio 9, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Sale, JPMorgan Chase, Element, Investment banking, Reata Pharmaceuticals, AbbVie, Morgan Stanley, Vice, Bain & Company, CVS Health, Harvard Business School, Bain, Williams College, IPO, Acquisition, Peter R. Orszag, Oak Street Health, LAZ, Growth, Pharmaceutical industry

Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare.

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare.
  • Mr. Colocci is a globally recognized advisor with a particular focus on healthcare, having worked with biopharma clients across EMEA, the US, and Japan.
  • With three decades of investment banking expertise, he most recently served as Managing Director and Chairman of M&A at Morgan Stanley, where among other previous leadership roles, he also served as Global Co-Head of Healthcare Investment Banking and as Deputy Head of European Investment Banking.
  • He previously also held the role of Global Co-Head of Healthcare Investment Banking at JPMorgan.

Quest Diagnostics Names Murali Balakumar Senior Vice President and Chief Information and Digital Officer

Retrieved on: 
Lunedì, Maggio 6, 2024
Chase Bank, University, JPMorgan Chase, Informatics, General Electric, Oak Street, Health, CVS Health, Quest Diagnostics, Information technology, Digital, Engineering, Senior, Fiserv, MBA, Oak Street Health, DGX, Moses Austin, Management

SECAUCUS, N.J., May 6, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, announced today that Murali Balakumar, a veteran information technology healthcare business leader, has been named Senior Vice President and Chief Information and Digital Officer (CIDO).

Key Points: 
  • SECAUCUS, N.J., May 6, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, announced today that Murali Balakumar, a veteran information technology healthcare business leader, has been named Senior Vice President and Chief Information and Digital Officer (CIDO).
  • Mr. Balakumar, based at the company's headquarters in Secaucus, N.J., is responsible for leading information technology, data informatics and digital solutions for Quest Diagnostics.
  • Prior to joining Quest, Murali was Chief Information Officer at Oak Street Health, which was acquired by CVS Health in 2023.
  • Prior to Oak Street, Murali was Chief Information Officer for Card Services at Fiserv and has also held IT leadership roles at JPMorgan Chase Bank and General Electric.

AM Best Affirms Credit Ratings of Most of CVS Health Corporation’s Aetna Inc. Subsidiaries; Withdraws Credit Ratings of Members of Texas Health Aetna

Retrieved on: 
Mercoledì, Marzo 13, 2024
Health, Professional Services, Insurance, Managed Care, Health Insurance, ERM, ALL, CVS Health, AM Best, Oak Street Health, Cell, Risk, Life, FSR, CVS, News, Acquisition, Credit, Pressure, Growth, Environment, Federal Home Loan Banks, Medicare, Medicare Advantage, Oak Street, Health insurance

In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Texas Health + Aetna Health Insurance Company, as well as Texas Health + Aetna Health Plan Inc.

Key Points: 
  • In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Texas Health + Aetna Health Insurance Company, as well as Texas Health + Aetna Health Plan Inc.
  • Both companies are domiciled in Arlington, TX, and collectively are referred to as Texas Health Aetna.
  • At the same time, AM Best has withdrawn the ratings of Texas Health Aetna as the companies have requested to no longer participate in AM Best’s interactive rating process.
  • Aetna Life & Health Group has moderate reinsurance leverage and its reinsurance arrangements differentiates Aetna from its health insurance peers.

Conduce Health Launches Innovative Multi-Specialty Value-Based Care Marketplace

Retrieved on: 
Mercoledì, Marzo 13, 2024
Oak Street Health, Health, Patient, Conditional sentence, Algorithm, Nursing

NEW YORK, March 13, 2024 /PRNewswire-PRWeb/ -- Conduce Health, a multi-specialty value-based care solution, is proud to announce its launch today. Conduce's marketplace is designed to support primary care organizations by bridging the gap to the highest quality, personalized specialists for elderly patients who need it most.

Key Points: 
  • NEW YORK, March 13, 2024 /PRNewswire-PRWeb/ -- Conduce Health , a multi-specialty value-based care solution, is proud to announce its launch today.
  • Conduce Health's specialty-agnostic marketplace leverages data science to better understand the nuances of patients with chronic diseases via proprietary Conduce Clinical Profiles.
  • Co-Founded by Eric Rosow, former CEO and co-founder of two successful health tech start-up companies, Diameter Health and Premise; Dr. Najib Jai, formerly at Oak Street Health, focusing on specialty care and medical costs; and Dr. Jeffery De Flavio, a Co-Founder of Pearl Health and founding CEO of Groups Recover Together, Conduce Health has the right team to become the primary solution for multi-specialty value-based care.
  • "It's clear that in order to fulfill the long-held promise of value-based care, specialty care must be included, and Conduce Health is that solution in the middle connecting the ecosystems of Primary and Specialty care."

2024 Health Care Services M&A Market Battled by Headwinds, According To Data from Irving Levin Associates, LLC

Retrieved on: 
Lunedì, Marzo 4, 2024
Acquisition, Oak Street, CVS Health, Biotechnology, EHealth, Health, Oak Street Health, Hospital, Publishing, Sammut, Report, Rehabilitation, Long-term care, Retail

NEW CANAAN, Conn., March 4th, 2024 /PRNewswire-PRWeb/ -- Merger and acquisition activity in the healthcare industry's services sectors (and eHealth, which is now included in this report) declined 13% in 2023 compared with the year before, according to The 2024 Health Care Services Acquisition Report, 30th Edition. Deal volume for the healthcare services sectors reached 1,811 transactions versus a record high of 2,093 in 2022. Still, 2023 deal volume was 67% higher than it was in 2019 (1,083 deals), five years earlier.

Key Points: 
  • The largest services deal of the year was the $10.6 billion acquisition of Oak Street Health by CVS Health.
  • "Although there's still plenty of interest in the healthcare M&A market, investors could not navigate the high interest rates of the past year" said Dylan Sammut, editor of the 2024 Health Care Services Acquisition Report.
  • The 2024 Health Care Services Acquisition Report, 30th Edition, contains more than 70 pages of hard-to-find information on all publicly announced hospital, managed care, laboratory services, physician medical group, behavioral health, home health and hospice, rehabilitation, eHealth and other services mergers and acquisitions in 2023.
  • Irving Levin Associates is a New Canaan, Connecticut-based research and publishing firm specializing in the health care and senior care M&A markets.

Medical Home Network CMO Dr. Henish Bhansali Selected as 2024 Presidential Leadership Scholar

Retrieved on: 
Giovedì, Febbraio 8, 2024
CMMI, Oak Street Health, MHN, PLS, Growth, Travel, University, CMS, Medicare, Medicaid, Medical director, Social change, Patient, Government, Medicare Advantage, FQHC, Management

CHICAGO, Feb. 8, 2024 /PRNewswire/ -- Dr. Henish Bhansali, Chief Medical Officer of Medical Home Network (MHN, a company transforming care in America's safety net), is one of 60 Scholars who will form the Presidential Leadership Scholars' (PLS) ninth class. For nearly a decade, PLS has served as a catalyst for a diverse network of leaders brought together to collaborate and create meaningful change in the United States and around the world as they learn about leadership through the lens of the presidential experiences of George W. Bush, William J. Clinton, George H.W. Bush, and Lyndon B. Johnson and their administrations.

Key Points: 
  • Joins a unique network of leaders making a difference in the world; will learn from the presidential leadership examples of George W. Bush, William J. Clinton, George H.W.
  • Bush, and Lyndon B. Johnson
    CHICAGO, Feb. 8, 2024 /PRNewswire/ -- Dr. Henish Bhansali, Chief Medical Officer of Medical Home Network (MHN, a company transforming care in America's safety net), is one of 60 Scholars who will form the Presidential Leadership Scholars' (PLS) ninth class.
  • The class was selected after a rigorous application and review process.
  • He joined MHN in 2023 from Duly Health and Care (formerly DuPage Medical Group), where he was Senior Vice President and Medical Director of Medicare Advantage.

FCPT Announces Acquisition of Two Oak Street Health Properties for $4.2 Million

Retrieved on: 
Venerdì, Gennaio 5, 2024
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Acquisition, Oak Street Health

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Oak Street Health properties for $4.2 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Oak Street Health properties for $4.2 million.
  • The properties are located in highly trafficked corridors in Iowa and Louisiana and are corporate-operated under long-term, net leases.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.

CVS Health announces leadership appointments

Retrieved on: 
Venerdì, Gennaio 5, 2024
Family, Lynch, Oak Street Health, CVS, CFO, Acquisition, Health, Oak Street, CVS Health, Corporate finance, Management

WOONSOCKET, R.I., Jan. 5, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced several leadership updates, effective immediately:

Key Points: 
  • CEO of Oak Street Health and interim lead of Health Care Delivery, Mike Pykosz, has been formally appointed President of Health Care Delivery.
  • CVS Health announced on October 13, 2023 the interim appointments, and that Shawn Guertin would be taking a leave of absence.
  • Pykosz joined CVS Health following the acquisition of Oak Street Health on May 2, 2023.
  • During his time at CVS Health, Pykosz has been focused on continuing to run the Oak Street Health business, while also helping to unify all of CVS Health's care delivery assets.

Medical Home Network Names Dr. Henish Bhansali as Chief Medical Officer

Retrieved on: 
Mercoledì, Novembre 29, 2023
Health, Hospitals, Other Health, Health Insurance, Managed Care, General Health, Medicare Advantage, Partnership, Medicaid, Safety, Quality, Medical director, DuPage Medical Group Field, Home network, Hospital, MHN, Patient, Internal medicine, University, MD, Medicare, Oak Street Health, Nursing

Medical Home Network (MHN), a nationally recognized non-profit dedicated to transforming care in the safety net, today welcomes Henish Bhansali, MD, as Chief Medical Officer.

Key Points: 
  • Medical Home Network (MHN), a nationally recognized non-profit dedicated to transforming care in the safety net, today welcomes Henish Bhansali, MD, as Chief Medical Officer.
  • Dr. Bhansali brings deep experience in both value-based care and community healthcare to his role at MHN with over 12 years of experience in healthcare management, medical education, and healthcare consulting.
  • “I am passionate about transforming healthcare for low-income, disenfranchised patients, who are often underserved and face barriers to accessing healthcare,” said Dr. Bhansali.
  • Bhansali’s deep experience in value-based care and Medicare make him a perfect addition to our leadership team,” said Cheryl Lulias, CEO of MHN.

FCPT Announces Acquisition of an Oak Street Health Property for $2.4 Million

Retrieved on: 
Giovedì, Ottobre 12, 2023
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Oak Street Health, NYSE, Acquisition, Real estate, Commercial property

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Oak Street Health property for $2.4 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Oak Street Health property for $2.4 million.
  • The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a long-term, net lease.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.