Everside Health Group, which provides a nationwide in-person and virtual primary health care platform, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Everside Health is a technology-driven primary care platform that seeks to address the unmet needs of patients, providers, and its clients, which are primarily self-funded employers and labor unions. As of March 31, 2021, it operated 343 centers across over 140 US markets in 33 states and provided care to over 520,000 patients. Its key target markets include state governments, school districts and manufacturers who are typically sensitive to their increasing spend on healthcare claims.
The Denver, CO-based company was founded in 2018 and booked $136 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol EVSD. Everside Health Group filed confidentially on May 14, 2021. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities, and William Blair are the joint bookrunners on the deal. No pricing terms were disclosed.
