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Health Data Firm Files for $500m IPO
Maryland, USA-based healthcare analytics technology company Inovalon Holdings Inc has filed with US regulators to raise up to $500m in an IPO.
Inovalon combines cloud-based data analytics and data-driven intervention platforms to provide insights for hospitals, doctors, pharma companies and researchers, as well as retail giant Walgreen.
The number of shares involved and the likely price are not disclosed in the filing, but the firm's common stock will be listed on the Nasdaq with the symbol 'INOV', according to www.reuters.com .
Inovalon, whose reported net income for the nine months ended Sept. 30th 2014 almost doubled year-on-year to $51.9m, competes with pharma specialist Truven Health Analytics, as well as the likes of Oracle, IBM, Accenture and Deloitte Consulting.
Web site: www.inovalon.com .
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