Alignment Healthcare Inc, a healthcare platform backed by private equity firms Warburg Pincus and General Atlantic, said on Thursday it is aiming for a valuation of up to $3.56 billion in its initial public offering in the United States
The company, founded in 2013, focuses on providing private insurance coverage to senior patients enrolled in Medicare Advantage plans.
Medicare Advantage plans refers to the Medicare-benefits that are offered to seniors and is administered by private insurance companies.
Alignment and a group of its stockholders are aiming to raise up to $516.8 million in the IPO, selling 27.2 million shares between $17 and $19 each, its filing showed.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.