Evolent Health files for $100M IPO

Arlington, Va.-based population health management services organization Evolent Health has filed for a $100 million IPO, according to SEC filing.

The company said it is seeking to raise $100 million and plans to trade on the New York Stock Exchange under the ticker symbol "EVH," according to HIT Consultant

Founded in 2011 by UPMC Health Plan and The Advisory Board Company, Evolent provides healthcare entities withintegrated technology, tools and teamto advance value-based care.

Evolent Health reported $100.9 million in revenue for fiscal year 2014 with a net loss of $52.3 million, according to HIT Consultant.

 

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