Quick Take
Health Catalyst (HCAT) has filed to raise $129 million in an IPO of its common stock, per an amended registration statement.
The company provides software to healthcare organizations that assists them in managing and using data to improve their operations.
HCAT is growing quickly and making progress toward operating breakeven. At $21.50 per share, the IPO appears reasonably valued compared to a much slower growing public company such as Cerner.
Company & Technology
Salt Lake City, Utah-based Health Catalyst was founded in 2008 and has developed a suite of healthcare