Reuters April 15, 2021
Staff

(Reuters) -Healthcare platform agilon health gained a valuation of nearly $11 billion in its market debut on Thursday, after the company’s shares opened 23% above their offer price.

At $11 billion, agilon would be worth more than the combined valuation of private equity-backed Alignment Healthcare and Alphabet-backed Oscar Health Inc, other healthcare-focused companies that went public recently.

Agilon’s shares opened at $28.25 per share, up from their IPO price of $23 per share.

On Wednesday, agilon priced its offering of 46.6 million shares at the top end of the range at $23 each, to raise more than $1 billion in its IPO.

Founded in 2016, agilon helps connect primary care physicians...

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Topics: Health IT, Insurance, Investments, Medicare Advantage, Patient / Consumer, Payer, Primary care, Provider, Technology, Trends
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