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Oak Street Health, Inc. (OSH) Shareholder News: Stephens & Stephens is Investigating Oak Street Health, Inc. on Behalf of Investors

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SANTA MARIA, Calif.--(BUSINESS WIRE)-- Stephens & Stephens informs investors that it is investigating whether the officers and directors of Oak Street Health, Inc. (NYSE: OSH) violated securities laws or breached fiduciary duties to shareholders. Oak Street purportedly operates primary care centers in the U.S.

For more information about our investigation into Oak Street Health, Inc.'s misconduct, contact us here.

Oak Street Health, Inc. (OSH) is Being Investigated for Violating the False Claims Act

According to a class action complaint filed against the Company, on November 8, 2021, Oak Street disclosed that on November 1, 2021, the Company received a civil investigative demand ("CID") from the U.S. Department of Justice ("DOJ"). According to the CID, the DOJ was investigating whether the Company violated the False Claims Act. The CID also requests documents and information related to Oak Street's relationships with "third-party marketing agents" and Oak Street's "provision of free transportation to federal health care beneficiaries." On this news, the Company's stock price fell $9.75, or more than 20%, to close at $37.14 per share on November 9, 2021.

The class action complaint alleges that during the class period, defendants failed to disclose facts about Oak Street's business, including that it maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny and was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny. Because these activities may be violations of the False Claims Act, Oak Street was at a heightened risk of investigation by the DOJ and/or other federal law enforcements agencies and was subject to adverse impacts related to defense and settlement costs and diversion of management resources.

Next Steps: If you own shares of Oak Street Health, Inc. (OSH), you may have legal options. Contact us for more information.

Conrad Stephens
(805) 922-1951
info@stephensfirm.com

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Attorney Advertising. Past results do not guarantee a similar outcome.

Conrad Stephens

Stephens & Stephens

518 E. Main Street

Santa Maria, CA 93454

(805) 922-1951

info@stephensfirm.com

Source: Stephens & Stephens

Oak Street Health Inc

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Dental Laboratories
Manufacturing
Link
Health Services, Medical/Nursing Services, Manufacturing, Dental Laboratories
United States
Chicago

About OSH

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 70 centers across Illinois, Michigan, Ohio, Pennsylvania, Texas, Indiana, North Carolina, Rhode Island, Tennessee, New York and Mississippi.