Oak Street

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: 
Wednesday, March 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  • At the same time, AM Best has withdrawn the ratings of Texas Health Aetna as the companies have requested to no longer participate in AM Best’s interactive rating process.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.

Parsons Wins $25 Million Transit Improvement Contract from City of Oakland

Retrieved on: 
Tuesday, February 20, 2024
Oak Street, Quality of life, City, Transport, Airport, Travel, Safety, Element, PSN, Area studies, Parsons Corporation, Pedestrian, Road

This $25 million contract includes designs for eight at-grade intersections, a multiuse trail, traffic signal plans, and represents new work for Parsons.

Key Points: 
  • This $25 million contract includes designs for eight at-grade intersections, a multiuse trail, traffic signal plans, and represents new work for Parsons.
  • Parsons will also deliver feasibility studies to analyze grade separated railroad crossing features, geometric configurations and equipment upgrades.
  • Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways.
  • To learn more about Parsons’ rail and transit expertise, visit https://www.parsons.com/rail-transit/.

Paul Stuart Returns to Michigan Avenue

Retrieved on: 
Wednesday, February 21, 2024
Retail, Luxury, Fashion, Collection, Grand Avenue Water Tower, Oak Street, Water Tower Park, Multimedia, Magnificent Mile, Michigan Avenue, Paul Stuart

Paul Stuart , the American luxury men's retailer dressing the discerning gentleman since 1938, is excited to announce its return to Chicago's Magnificent Mile, relocating its Oak Street boutique back to North Michigan Avenue.

Key Points: 
  • Paul Stuart , the American luxury men's retailer dressing the discerning gentleman since 1938, is excited to announce its return to Chicago's Magnificent Mile, relocating its Oak Street boutique back to North Michigan Avenue.
  • Paul Stuart's history with the city extends almost three decades, having opened its first store in the famed 875 North Michigan Avenue (formerly known as The John Hancock Center).
  • Upon entering the new Michigan Avenue store, visitors find a spacious, open environment filled with natural light.
  • “We are excited to return our flagship outpost to the iconic Michigan Avenue,” said Paul Stuart President and CEO Trevor Shimpfky.

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

Retrieved on: 
Monday, March 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.

Christy Sports Continues Strategic Expansion into Top Outdoor Destinations with New Locations this Winter

Retrieved on: 
Monday, January 22, 2024
Aspen/Snowmass, The Black Crowes, Oak Street

There are 4 new stores serving guests in Colorado this winter and will provide year-round specialty outdoor rental and retail services.

Key Points: 
  • There are 4 new stores serving guests in Colorado this winter and will provide year-round specialty outdoor rental and retail services.
  • The locations include a support gear rental and demo center for the Alpineer and a Christy Sports Snowboard store.
  • “These new locations are another great example of our thoughtful expansion to locations where we see a guest need for the best service experience in the outdoors.
  • For more information about Christy Sports locations in Telluride, visit https://www.christysports.com/resorts/resort-telluride.html and Aspen/Snowmass, visit https://www.christysports.com/resorts/aspen-snowmass.html

CVS Health announces leadership appointments

Retrieved on: 
Friday, January 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.

The Wintrust Magnificent Mile Lights Festival® Celebrates Holiday Tradition With A Sparkling Holiday Celebration And Parade on November 18

Retrieved on: 
Tuesday, November 7, 2023
Steps, Newton, The Sugarhill Gang, Grand Marshals of the Rose Parade, Marky Mark and the Funky Bunch, Cuyahoga Falls, Ohio, Athlete, Musical, ABC 7, Hospital, ABC, CN, Magic, House, Wintrust Financial, American Idol, Grammy Awards, Coffee, Illinois State Lottery, Quick Look, Latin jazz, Magnificent, AT, Walt Disney World, Travel, Newton High School, Pluto, AT&T, Wacker Drive, Cirque, Anne, Magnificent Mile, Oak, Oak Street, Music for the People (Marky Mark and the Funky Bunch album), Wrigley Building, Tree, Volunteering, Chicago River, Water Tower Place, Michigan Avenue, Entertainment, Nightclub

The Wintrust Magnificent Mile Lights Festival parade-goers are invited for the first time to don outrageously festive sweaters to attempt to set a record for the most holiday sweaters at a parade.

Key Points: 
  • The Wintrust Magnificent Mile Lights Festival parade-goers are invited for the first time to don outrageously festive sweaters to attempt to set a record for the most holiday sweaters at a parade.
  • “Our attempt to set this festive sweater record adds a new layer of holiday spirit to a tradition that The Magnificent Mile Association has produced for 32 years,” says Kimberly Bares, President and CEO, The Magnificent Mile Association.
  • The Wintrust Magnificent Mile Lights Festival draws an international audience through global influencers and media from around the world invited to the parade by Choose Chicago.
  • The Wintrust Fireworks Spectacular delivers a thrilling finale at 7 p.m. over the Chicago River at Michigan Avenue.

Botanical Sciences Pharmacy Partners are the First to Dispense Medical Cannabis Through Independent Pharmacies in the State of Georgia

Retrieved on: 
Wednesday, October 25, 2023
Natural Resources, Pharmaceutical, Alternative Medicine, Other Retail, General Health, Health, Cannabis, Retail, Pharmacy, Patient, Warner Robins, Georgia, Oak Street, Pooler, Georgia, Multimedia, Omega, Trust, Botany, Partnership, Professional, Pharmacist, Medicinal plants

Botanical Sciences , Georgia’s first physician-founded, fully integrated medical cannabis provider, announces that its products will be the first to be dispensed in the state through pharmacies.

Key Points: 
  • Botanical Sciences , Georgia’s first physician-founded, fully integrated medical cannabis provider, announces that its products will be the first to be dispensed in the state through pharmacies.
  • This marks the first ever sales of medical cannabis in pharmacies, as Georgia has recently become the first state in the nation to allow the distribution of medical cannabis products to registered patients at independent pharmacies.
  • Today, the following pharmacies will begin dispensing Botanical Sciences’ cannabis medicine:
    This press release features multimedia.
  • For up-to-date information on Botanical Sciences’ medical cannabis products, as well as information about how to register for a medical cannabis card, visit www.botanicalsciences.com .

CVS Health announces CFO Shawn Guertin to take leave of absence due to family health reasons

Retrieved on: 
Monday, October 16, 2023
NYSE, Acquisition, Family, CVS Health, CVS, Independent Payment Advisory Board, Health, Aetna, Guertin, Oak Street, Oak Street Health, Shawn, Corporate finance, CFO, Health care, Management, Lynch

WOONSOCKET, R.I., Oct. 16, 2023 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced several leadership updates, effective immediately:

Key Points: 
  • SVP of Corporate Finance Thomas F. Cowhey Appointed Interim CFO
    WOONSOCKET, R.I., Oct. 16, 2023 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced several leadership updates, effective immediately:
    Executive Vice President, CFO and President of Health Services Shawn Guertin will be taking a leave of absence from his role due to unforeseen family health reasons.
  • "Our thoughts are with Shawn and his family during this difficult period," said CVS Health President and CEO Karen S. Lynch.
  • Pykosz joined CVS Health following the acquisition of Oak Street Health on May 2, 2023.
  • Kyle Armbrester, CEO of Signify Health, has continued to lead Signify Health since it became part of CVS Health on March 29, 2023.

Nature's Bakery Summer Sidekick Tour Bus at Chicago Air & Water Show August 19-20

Retrieved on: 
Wednesday, August 16, 2023
VW, Chicago Air & Water Show, Oak Street, Snack, Adventure, Multimedia, Chicago Air, Bakery, Nature

CHICAGO, Aug. 16, 2023 /PRNewswire/ -- 

Key Points: 
  • Nature's Bakery bars are the ultimate sidekick to summer, fueling each activity with wholesome, delicious snacks that won't melt or crumble during summer fun.
  • Whether you're planning a more laid-back vacation or a whirlwind of adventures, Nature's Bakery has a bar that's perfect for every summer activity.
  • Attendees can enjoy a sampling of Nature's Bakery's beloved snack bars, as well as photo opportunities and more.
  • Chicago Air & Water Show along the lakefront from Fullerton to Oak Street, Chicago, Ill., with North Avenue Beach serving as show center from 10 a.m. to 2 p.m. daily
    VW van Summer Sidekick Tour Bus with large frame at the front of the bus with fabric beach chairs, summer beach balls and balloons.