Recent IPOs in Biotech sector: Guardant Health +105% 3-month return. Start your day with the top stories you missed while you were sleeping. Leading health care data and analytics technology and services provider Health Catalyst aims to price 6 million shares for an initial public offering is valued up to more than $158 million. Health Assurance Acquisition, a blank check company formed by General Catalyst targeting healthcare technology, filed on Monday with the SEC to raise up to $500 million in an initial public offering. Another digital health company, Change Healthcare, is getting ready for its IPO debut. The company issued 6,000,000 shares at $20.00-$23.00 per share. Summary Health data company Health Catalyst has filed for an IPO which would raise up to $138 million and value the company at $783 million. $182M. Health Catalyst. HCAT IPO Price: (view offering) | HCAT IPO Date: July 25, 2019 | Industry: Health Care | View info for the Health Catalyst IPO at ClickIPO. We do this through what we call The Health Catalyst Flywheel (see Figure 1). Top Story, SYN. The stock opened at 37.50. Buy or sell Health Catalyst stock pre IPO via an EquityZen fund. Livongo, Health Catalyst, and Change Healthcare each saw their stock prices fall below their initial offering price during the first two months on public markets. Likely to become public by the end of Q3 2019, Change Healthcare is focused on cutting the costs of healthcare. Health Catalyst serves customers in the State of Utah. In the hours since the BYU equipment truck left Provo, Utah, for the BYU-Coastal Carolina game, Hal Morrell and Fili Taufa have garnered quite the social media following. Health Catalyst Stock. The company raised $182 million via the sale of 7 million shares at pre-market pricing of $26 per share. Health Catalyst has filed to raise $129 million from a U.S. IPO of its common stock. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. "That digital crossover opens up this new horizon of significant opportunities to start harvesting and analyzing that data to help guide good decisions.". Health Catalyst is a tech platform that organizes and links health-related data from different systems and makes it available for all users. They focus on saving lives and helping people who are in a moment of medical care needs that can have a very significant impact on their lives. Salt Lake City-based Health Catalyst Inc. has begun the process of launching an initial public stock offering by submitting its draft registration statement, Form S-1, with the U.S. Securities and Exchange Commission, according to an April 12 report in the Deseret News. CURRENT PRICE. Everything you need to know about the Health Catalyst IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. "Cost effective care enables us to avoid injury and may even save our lives," Burton said. The Journey to IPO. Salt Lake City, Utah-based Health Catalyst, Inc. plans to offer 7 million shares in an IPO to be priced between $24 and $25, according to a S-1/Afiling done on July 23. ET by Tomi Kilgore Health Catalyst sets IPO terms, to raise up to $138 mln The shares of both health-care companies initially jumped about 50% on their first day of trading. ... IPO. But I would be remiss if I didn’t mention the more than 126 healthcare organizations we serve. View More Companies. Analysis: Fortune finally smiled upon BYU, but only because Cougars were prepared to pounce. Health Catalyst marked the IPO as a waypoint in a long-term journey toward creating massive, measurable, and data-informed health care improvement. Our Solution comprises a cloud-based data platform, analytics software, and professional services expertise. General Information: Business: We are a leading provider of data and analytics technology and services to healthcare organizations. We first heard about Health Catalyst in 2011 from a leader of Stanford Hospital. © Since then, Health Catalyst… Health Catalyst sets IPO terms, to value company at up to $784 million Jul. We take your privacy very seriously. After a day that saw an outstanding first day price rally, and the opportunity to ring the closing bell at the NASDAQ exchange in New York City, Health Catalyst CEO Dan Burton said the new capital will help fuel continued growth while also make strides toward achieving a truly global mission statement. These nine companies didn’t all fly out of the gate at IPO. To learn more or opt-out, read our Cookie Policy. Health Catalyst retained investment giants Goldman Sachs and JP Morgan to lead its IPO process. "We could see early on that there was import in their vision," Bullock said. The company upsized the offering from the initially planned 6 million share as well as hiked the estimated price range from $20 to $23. ET by Tomi Kilgore Health Catalyst sets IPO terms, to raise up to $138 mln Health Catalyst Inc is engaged in providing data and analytics technology and services to healthcare organizations. The Health Catalyst Solution enables customers to manage their data, derive analytical insights to operate their organization, and produce measurable clinical, financial, and operational improvements. He noted while the U.S. health care industry generates some $3.5 trillion every year, it collectively wastes 30 cents for every dollar generated, or about $1 trillion. The company raised over $180 million in its initial public offering and had the opportunity to ring the closing bell at the NASDAQ exchange in New York City on Thursday afternoon. SUB-INDUSTRY. Health Catalyst CEO breaks silence on IPO, saying 2016 will be its last as a private company Health Catalyst CEO Dan Burton broke his silence about the health IT company's IPO … May we use cookies to track what you read? Their stock opened with $26.00 in its Jul 24, 2019 IPO. Sign up for the The company's LTM revenue was $127 … Health Catalyst, Inc. Form S-1. "The most important reason for the milestone, and reason for celebrating going public, is it enables us to have the capital we need to continue growing and pursuing our mission. NFL might want to reconsider BYU in the draft. Saturday’s hastily arranged marriage with Coastal Carolina suddenly becomes one of the most important games in recent BYU football history. Goldman Sachs and JPMorgan are leading all four IPOs. Health Catalyst, Inc. Form S-1/A. "There is not a lot of analysis you can apply to paper records and that’s just started to meaningfully transform to digital. Health Catalyst’s founders, Tom Burton and Steve Barlow, had strong backgrounds in the health care space, including leadership roles at Intermountain Healthcare, a … Digital Health IPO: Change Healthcare IPO Estimates, Date, Price and Value. We take pride in providing you with relevant, useful content. This process includes delivering on the three components of our Solution: data platform, analytics applications, and services expertise. The Company designs, develops, and delivers healthcare software solutons for hospitals to manage operational, financial, clinical, and research data. With the shift from paper to electronic records, it has become a challenge to organize health data, make sense of it, and to do it quickly. Livongo, Health Catalyst, and Change Healthcare each saw their stock prices fall below their initial offering price during the first two months on public markets. Guy Fieri said the monolith has relocated to Flavortown. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. And they make it searchable Health Catalyst has invested in PierianDx on Jan 7, 2016. "What’s been accomplished is nothing short of astonishing. The genesis of Health Catalyst goes back to work that its founders, Steven Barlow and Thomas Burton, started at US healthcare provider Intermountain, developing tools that supported data warehousing and analytics on the back of Intermountain’s home grown EHR. Sequoia Capital and UPMC are the most recent investors. (HCAT) raised $129 million in an initial public offering (IPO) on Thursday, July 25th 2019. Posted in As Dan Burton said in his Nasdaq Closing Bell remarks, “Today is another milestone in our ongoing and important mission, and we look forward to keeping our mission at the center of everything we do in the months, years and decades ahead.”. 12, 2019 at 11:02 a.m. Form S-1/A Health Catalyst, Inc. [Amend] General form for registration of securities under the Securities Act of 1933. This was a day long-in-the-making, starting with the work of our prescient co-founders Tom Burton and Steve Barlow in 2008. Health Catalyst. Way back in 2015, Healthcare IT News reported that the firm was eyeing an IPO, as it made inroads with blue chip clients such as Kaiser and Partners and its valuation topped $500 million. In IPO news, Health Catalyst and Livongo had strong debuts. The article General Catalyst's SPAC Health Assurance Acquisition prices $500 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Epic Systems is headquartered in Verona, Wisconsin, and was founded in 1979. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. SALT LAKE CITY — Utah health-tech leader Health Catalyst jumped into the public markets Thursday and its freshly minted stock climbed over 50 percent by the end of regular trading. 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The successful launch comes just six months after a $100 million funding round in February that pushed the company's valuation above the vaunted $1 billion, or "unicorn" benchmark. Healthcare Mergers, Acquisitions, and Partnerships, Health Catalyst Announces Pricing of Initial Public Offering, Understanding the Culture and Core of Health Catalyst: One Man’s Perspective, A Health Catalyst Overview: Learn How a Data First Strategy Can Drive Increased Outcomes Improvements, I am a Health Catalyst client who needs an account in HC Community. Burton said the digitization of health care-related data, along with high-performance analytics tools, is set to fundamentally reshape and improve a system notorious for its rate of waste. Health Catalyst, Inc. provides software solutions. It has two operating segments. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. The Flywheel, driven by team member engagement at the center, has helped us deliver more than 650 documented, customer-verified improvements across clinical, financial, and operational domains. It has two operating segments. Of course, the story changes in February 2020. The end of the digital health IPO drought is coming, with Livongo, Change Healthcare and Health Catalyst all gearing up for the public markets. 12, 2019 at 11:02 a.m. “Health Catalyst” and other trademarks or service marks of Health Catalyst, Inc. appearing in this prospectus are the property of Health Catalyst, Inc. Oct 2017. Health Catalyst General Information Description. Health Catalyst priced last night at 26, slightly above an upwardly revised range of 24-25. Equity. The firm provides software and services solutions to healthcare organizations seeking to … Firstly, the company is not yet profitable. Salt Lake City-based Health Catalyst, a data and analytics company, also priced its IPO above its given price range of between $24 and $25 a share, selling 7 … FOUNDED. The Journey to IPO The genesis of Health Catalyst goes back to work that its founders, Steven Barlow and Thomas Burton, started at US healthcare provider Intermountain, developing tools that supported data warehousing and analytics on the back of Intermountain’s home grown EHR. Health Catalyst is funded by 11 investors. These nine companies didn’t all fly out of the gate at IPO. Health Catalyst Files for IPO Health Catalyst has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. On Tuesday, Health Catalyst increased the amount of shares it will offer to 7 million from 6 million. Epic Systems is seen as one of Health Catalyst's biggest rivals. Health Catalyst, Inc. Form S-1 (Filer) Published: 2019-06-27 16:57:55 Submitted: 2019-06-27 Filing Agent: Workiva Inc. Wdesk FA01. All rights reserved. Twist Biosciences +65% 3-month return. HC Community is only available to Health Catalyst clients and staff with valid accounts. The company's stock is trading under the HCAT symbol on the NASDAQ exchange. Salt Lake City, Utah-based Health Catalyst, Inc. plans to offer 7 million shares in an IPO to be priced between $24 and $25, according to a S-1/Afiling done on July 23. newsletter, Another Utah tech 'unicorn' tees up public stock offering, Congratulations, it's a unicorn! Our profound gratitude for their trust in us, their partnership, and their growth humbles us in ways that are difficult to articulate. Of course, the story changes in February 2020. This investment - Series A - PierianDx - was valued at $9.3M. SEE QUOTE. Salt Lake City, Utah-based Health Catalyst, Inc. plans to offer 7 million shares in an IPO to be priced between $24 and $25, according to a S-1/Afiling done on July 23. Search / Go. Search / Go. Here’s to the past 11 years of healthcare transformation…and to the many years of healthcare innovation to come! The 11-year-old company emerged from work conducted by former Intermountain Healthcare employees aiming to collect, digitize and analyze health care-related data in a way that helps providers find efficiencies, optimize patient outcomes and reduce mistakes. The company's LTM revenue was $127 million, while the quarterly revenue growth was 71%. Q: You have said in the past that Health Catalyst would undertake an initial public offering. Fraser Bullock, Health Catalyst board chairman and managing director of Lehi-based Sorenson Capital, told the Deseret News earlier this year that his company has invested some $15 million over the last five years in Health Catalyst and, even among Utah's roster of highly successful life science and technology companies, Health Catalyst is distinguishing itself. $ 1 billion healthcare data Warehouse issues for some of the Flywheel is the initial public offering the! From different systems and their growth humbles us in ways that are difficult articulate. Engagement is foundational to everything we do this through what we call the Health Catalyst:... Catalyst increased the amount of shares it will offer to 7 million shares at a price of 26! Catalyst increased the amount of shares it will offer to 7 million shares at a price of 20.00-! Care enables us to positively impact every human being on the three components our. 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