Oscar Health announces 5M share private placement

Oscar Health announced that an affiliate of Deerfield Management Company, L.P. and the Anahata Foundation, a charitable foundation established by Mark Bertolini, Oscar’s CEO, each entered into a Stock Purchase Agreement for the purchase in private placement of shares of Oscar’s Class A common stock from a single selling shareholder. Deerfield will purchase an aggregate of 3M shares of Common Stock and Anahata will purchase an aggregate of 2M shares of Common Stock. The closing of each private placement is expected to occur on or about November 22, 2023, subject to the satisfaction of customary closing conditions. Oscar is not a party to either of the Stock Purchase Agreements.