Zelis Healthcare is preparing for a $17 billion initial public offering, according to information obtained by Business Insider, marking one of the most anticipated listings in the healthtech space in recent years. The healthcare payments company has confidentially filed its S-1 with regulators and brought on Goldman Sachs and JPMorgan as lead underwriters, four people with direct knowledge of the deal, quoted by BI, said. The firm, which helps hospitals and insurers streamline medical claims and electronic payments, is now generating nearly $1 billion in earnings before expenses such as taxes and interest, according to one of the sources.
Read the full article: Zelis Healthtech Hires JPMorgan, Goldman Sachs in Preparation for $17B IPO //
Source: https://www.tekedia.com/zelis-healthtech-hires-jpmorgan-goldman-sachs-in-preparation-for-17bn-ipo/