DALLAS & NORWALK, Conn.--(BUSINESS WIRE)--Signify Health, Inc. a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced the pricing of its initial public offering of 23,500,000 shares of its Class A common stock at a price to the public of $24.00 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 3,525,000 shares of Class A common stock from Signify Health at the initial public offering price less underwriting discounts and commissions.
The shares are expected to begin trading on the New York Stock Exchange (NYSE) on February 11, 2021, under the ticker symbol SGFY. The offering is expected to close on February 16, 2021, subject to customary closing conditions.
The net proceeds from the initial public offering will be used to pay fees and expenses in connection with the offering and the related reorganization transactions and for general corporate purposes, including working capital and potential acquisitions of, or investments in other businesses or technologies that the company believes will complement the current business and expansion efforts.
About Signify Health
Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home.
