Alignment Healthcare Inc, one of the prominent healthcare platforms of Orange is financed by well-known equity firms like Warburg Pincus and General Atlantic and as a consequence, the revenue expanded by leaps and bounds.
- Alignment Healthcare in its filing for an introductory public offering on Wednesday acknowledged that the company hiked from an inadequate 27% to $955.4 million in one year. This California-based provider of Medicare insurance products registered paperwork with the SEC for an IPO.
- Founded in the year 2013, Alignment is singularly centered on catering to private insurance coverage to older patients who are enrolled in Medicare Advantage Plans. They not only deliver 24/7 on-demand access to in-person medicare plans but also on your mobile service.
- In the year, CEO John Kao partnered with some influential healthcare leaders from across the nation to build an innovative patient-centric health care company whose main vision would be a connected approach to care and coverage with innovative technologies for outstanding outcomes in the lives of patients and their families.
- The company said that its net loss decreased from $22.9million in 2020 to $44.7 million a year earlier. Goldman Sachs, Morgan Stanley, JP Morgan, BofA Securities and William Blair were the leading underwriters for this contribution.