Alignment Healthcare Inc. became a publicly traded company on March 30, 2021, when it closed its initial public offering of 27,200,000 shares of its common stock at $18.00 per share. The company intends to use the proceeds of the offering for working capital and general corporate purposes, including continued investments in the growth of its business, and strengthening its balance sheet by potentially repaying debt.
The company was founded in 2013. It offers an artificial-intelligence-enabled Medicare Advantage plan. By the end of 2020, it had 68,323 members, up 38.5% over 2019 enrollment. Alignment Healthcare offers Medicare Advantage health plan options to California residents through Alignment Health Plan, and partners with select health plans in North Carolina and Florida.
This was reported by Alignment Healthcare, Inc. on March 30, 2021.
Contact information: Alignment Healthcare, Corporate Office, 1100 West Town and Country Road, Suite 1600, Orange, California 92868; 844-310-2247; Website: www.alignmenthealthcare.com