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The deal is expected to close by the end of 2021.
This news comes roughly a year after the company signed a $500 million deal with Boehringer Ingelheim.
The new acquisition is set to help Everly Health grow its women's health offerings.
Zerigo Health, formerly Clarify Medical, makes a connected phototherapy device for skin conditions like psoriasis, vitiligo and eczema.
Oak Street Health said the acquisition will improve the specialty care experience for patients, improve care coordination and lower costs.
The pharma-technology company has just secured $34.8 million in Series C funding, in a combination of equity and debt financing led by Abu Dhabi’s DisruptAD, and the Dubai-headquartered SHUAA Capital.
This new infusion of cash brings the company's raise to $33 million.
Also: Healthcare staffing company Hublo raises $25.5 million, insurtech startup Insurights rakes in $22 million.
The investment will support further growth in key markets.
The market is forecast to reach $9.13 billion (€7.84 billion) by 2026.