Oak Street’s Health is on a progressive path to add virtual specialty care within its primary care centers focusing on Medicare patients. In accordance, the company has taken over RubiconMD through a $130 million deal in cash. Additionally, the company will give $60 million via milestone payments.
The acquisition is yet another combined effort between two technology-driven healthcare companies. Oak Street’s Health aims to secure the expertise and forte of RubiconMD thereby building a virtual network of specialists to satisfy Medicare patients’ needs. RubiconMD, is a New York-based eConsultation provider empowering primary care clinicians. It has been invested in strengthening and enhancing connectivity between patients and medical care providers aiming to develop a highly efficient eConsult platform.
Similar to the conservative primary care, virtual specialty services are compromised for older adults. With the expertise and strengths of RubiconMD, Oak Street’s is working towards reinstating an efficient model. This will specifically cater to patient needs, said Health CEO, Mike Pykosz during a press release.