Oscar Health
U.S. health insurance company
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| April 3 2023 | Mario Schlosser steps down as CEO, transitioning to President of Technology, with Mark Bertolini taking over as the new CEO. |
| March 3 2021 | Oscar Health raised $1.2 billion through its initial public offering (IPO). |
| June 2020 | Oscar Health raised $225 million in funding round with participation from new investors Baillie Gifford and Coatue. |
| March 13 2020 | Oscar closed the Oscar Center 'until further notice' due to unspecified circumstances. |
| January 2020 | Oscar Health announced a partnership with Cigna to bring health insurance plans to small businesses, launching in select markets under the brand 'Cigna + Oscar'. |
| 2018 | Alphabet invested $375 million in Oscar Health, bringing total raised capital to $1.3 billion and company valuation to $3.2 billion. |
| May 2018 | Jared Kushner disclosed $8.2 million in capital gains from Thrive funds. |
| October 2017 | The New York Times reported potential ties between Oscar Health and Saudi Arabia, raising questions about potential investments following visits by Jared and Joshua Kushner to Saudi Arabia. |
| July 12 2017 | Oscar Health announced it would sell small group insurance in the Nashville metro area to companies with up to 50 employees through a strategic partnership with Humana. |
| June 21 2017 | Oscar Health announced plans to expand to additional markets in 2018, including Tennessee, Ohio, Texas, New Jersey, and California. |
| June 15 2017 | Oscar Health announced a partnership with Cleveland Clinic to offer individual health insurance plans in five counties in Northeastern Ohio. |
| April 25 2017 | Oscar Health announced its entrance into the small group insurance market, offering health plans in New York. |
| 2016 | Oscar Health raised $400 million in Series C round led by Fidelity Investments, with company valuation reaching $2.7 billion. |
| November 2016 | Oscar opened the Oscar Center in Brooklyn Heights in partnership with Mount Sinai Health System, offering a primary care practice exclusively for Oscar policyholders, featuring a doctor, nurse practitioner, and behavioral health specialist, along with free member classes like yoga and expectant mother programs. |
| August 2016 | Oscar expanded its operations to Tempe, Arizona, choosing the location for its Concierge teams, which are responsible for member services. |
| August 23 2016 | Oscar announced its exit from the New Jersey Marketplace at the end of 2016, citing market uncertainties that would make effective healthcare delivery challenging. |
| 2015 | Oscar expanded its insurance coverage to New Jersey and grew to approximately 40,000 members. |
| September 2015 | Oscar Health announced a funding round with Google Ventures and Google Capital, increasing company valuation to $1.75 billion. |
| May 2014 | Peter Thiel's Founders Fund led Series A funding round, investing $30 million and valuing Oscar Health at $800 million. |
| 2013 | Oscar began selling insurance for the 2013 year, coinciding with the Affordable Care Act exchanges and individual mandate going into effect for the 2014 plan year. The company secured 16,000 members in its first year. |
| 2012 | Oscar Health was founded by Mario Schlosser, Joshua Kushner, and Kevin Nazemi, who were classmates at Harvard Business School. |
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