Health Catalyst Raises $70M Series E Round

This new financing will help us to meet that request by expanding the breadth and depth of the solutions we provide for managing the cost and quality of care across whole populations of patients.

Salt Lake City-based Health Catalyst has raised a $70 million Series E round co-led by Norwest Venture Partners and UPMC, with participation from MultiCare Health System, OSF Healthcare, Sequoia Capital, Sands Capital, Kaiser Permanente Ventures, CHV Capital, Partners HealthCare, EPIC Venture Partners, Leavitt Equity Partners, and Tenaya Capital.

“As our customers have come to depend on us for data warehousing and analytics to drive outcomes improvement, they are also asking more of us,” Dan Burton, CEO of Health Catalyst, said in a statement. “This new financing will help us to meet that request by expanding the breadth and depth of the solutions we provide for managing the cost and quality of care across whole populations of patients. We anticipate that this is the company’s last round of capital as a private company as we expect to be cash-flow sustainable by the fourth quarter of 2016.”

Today’s round matches the $70 million raised in March of 2015, with all signs pointing towards a likely IPO as Health Catalyst looks to bring their unique blend of healthcare data and analytics into the public forum. Stay tuned….

Published 2/29/2016