IMS Health’s IPO raised more than $1.3 billion Friday by selling 65 million shares for $20 apiece. Shares quickly rose to $23 during Friday’s trading.
Like Castlight Health, whose $3 billion public offering last month made it the largest IPO this year, IMS Health is a big data vendor — Castlight tracks and sells data on healthcare costs, and IMS Health gathers and sells data on consumers’ use of prescription drugs.
The success of these two IPOs suggest investors have recognized the growing importance of big data in healthcare.
More Articles on Big Data:
Forrester: 5 IT Imperatives for Healthcare Providers
Meaningfully Meeting Meaningful Use: The Necessity of Data Analytics
Federal Agencies Unprepared to Work with Big Data, Study Finds
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.