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Signify Health Priced, NYSE: SGFY

Provides a value-based billing platform for in-home and bundled health services.

Industry: Health Care

Latest Trade: $35.96 +2.94 (+8.9%)

First Day Return: +31.5%

Return from IPO: +37.6%

Industry: Health Care

Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our customers include health plans, governments, employers, health systems and physician groups. We believe that we are a market leader in two fast-growing segments of the value-based healthcare payment industry: payment models based on individual episodes of care and in-home health evaluations (IHEs). Payment models based on individual episodes of care organize or bundle payments for all, or a substantial portion of, services received by a patient in connection with an episode of care. IHEs are health evaluations performed by a clinician in the home to support payors’ participation in Medicare Advantage and other government-run managed care plans. Our episode payment platform managed $6.1 billion of spend under the Medicare Bundled Payment for Care Improvement Advanced (BPCI-A) program in 2019, and the BPCI-A episodes we managed which were initiated in the last quarter of 2019 resulted in approximately 15% greater discharges home from acute-care facilities and approximately 10% lower readmissions when compared to the historical performance of our provider partners for similar episodes. Our mobile network of providers entered over 1 million unique homes to evaluate individuals in Medicare Advantage and other managed care plans in 2019.
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IPO News for Signify Health
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IPO Data
IPO File Date 01/19/2021
Offer Price $24.00
Price Range $20.00 - $21.00
Offer Shares (mm) 23.5
Deal Size ($mm) $564
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/10/2021
Offer Price $24.00
Price Range $20.00 - $21.00
Offer Shares (mm) 23.5
Deal Size ($mm) $564
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Norwalk, CT
Founded 2017
Employees 2,100
Website www.signifyhealth.com