Private equity-backed healthcare platform Alignment files for IPO

  • 3/3/2021
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(Reuters) - Alignment Healthcare Inc, a healthcare platform backed by private equity firms Warburg Pincus and General Atlantic, revealed a jump in revenue in its filing for an initial public offering on Wednesday. The company said its revenue jumped 27% to $955.4 million for the year ended Dec. 31, 2020. (bit.ly/309FaDT) Alignment, founded in 2013, is focused on providing private insurance coverage to senior patients enrolled in Medicare Advantage plans. The company said its net loss narrowed to $22.9 million in 2020, from $44.7 million a year earlier. Goldman Sachs, Morgan Stanley, JP Morgan, BofA Securities and William Blair are the lead underwriters for the offering.

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