Inovalon Holdings Priced, Nasdaq: INOV

Provides healthcare analytics to payors, providers and pharmas.

Industry: Technology

Latest Trade: $13.30 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: -50.7%

Industry: Technology

We are a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful insight and improvement in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. Our powerful platforms drive high-value impact, improving quality and economics for health plans, hospitals, physicians, patients, pharmaceutical companies, and researchers. The value we deliver to our clients is achieved by turning data into insights and those insights into action. Through our large proprietary datasets, advanced data integration technologies, sophisticated predictive analytics, and deep subject matter expertise, we deliver seamless, end-to-end platforms that bring the benefits of big data and large-scale analytics to the point of care. Our analytics identify gaps in care, quality, data integrity, and financial performance, while our data-driven intervention platforms provide clients with differentiated capabilities to resolve these gaps. During 2014, we provided these services to more than 100 clients representing approximately 200 patient populations, providing analytics informed by our data and insight on more than 754,000 physicians, 248,000 clinical facilities, 120 million unique patients (covering approximately 98.2% of all U.S. counties), and 9.2 billion discrete entries relating to patient interactions, medical procedures or changes in patients' medical conditions, which we refer to as medical events, a number that has been increasing at a rate of approximately 3.0% compounding monthly, or 42.6% annually, since 2000.
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IPO News for Inovalon Holdings
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IPO Data
IPO File Date 12/30/2014
Offer Price $27.00
Price Range $24.00 - $26.00
Offer Shares (mm) 22.2
Deal Size ($mm) $600
IPO Data
IPO Date 02/11/2015
Offer Price $27.00
Price Range $24.00 - $26.00
Offer Shares (mm) 22.2
Deal Size ($mm) $600
Underwriters
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Company Data
Headquarters Bowie, MD
Founded 1998
Employees 2,474
Website www.inovalon.com