Health Catalyst, a Sequoia Capital-backed startup that stores and analyzes data for healthcare companies, is interviewing banks for an initial public offering expected later this year, according to multiple people familiar with the process.
The startup has hired Goldman Sachs and JPMorgan to lead the IPO process, one source said, and is interviewing banks for other roles.
Health Catalyst, Goldman Sachs, and JPMorgan declined to comment.
The move toward an IPO comes just weeks after the company announced that it raised $100 million in equity and debt financing led by the healthcare-focused investor OrbiMed.
That round, announced on February 7, valued the company at more than $1 billion, the company said.
Health Catalyst was founded in Salt Lake City in 2008 by Steve Barlow and Tom Burton. It’s led by CEO Dan Burton, who invested early in the company through his investment firm, HB Ventures.
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