Silicon Valley Bank Announces Credit Facility For Oak Street Health

(RTTNews) - Silicon Valley Bank and Hercules Capital, Inc. (HTGC) announced that they provided a $300 million credit facility to Oak Street Health (OSH) to provide Oak Street Health with operational and strategic capital for the next several years.

Oak Street Health is a tech-enabled, primary care company that is dedicated to meeting the health needs of older adults. The company cares for Medicare-eligible patients with chronic illnesses, particularly those in underserved communities.

Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (SIVB).