13:34 | 20 February 2021
Oscar Health is a technology insurance company founded in 2012. The corporation is headquartered in New York City. The company focuses on health insurance services using telemedicine products, specialized technology interfaces and transparent pricing systems that make it easy for patients to choose insurance products. In 2018, Oscar Health was named to CNBC’s list of the top 50 “disruptive companies” in their industries.
The company’s customer base has more than 529,000 users as of Jan. 31, 2021, and Oscar Health was able to collect about $2.3 billion in direct insurance premiums last calendar year. The company serves 291 counties in 18 U.S. states, and the bulk of its product users are families who need coverage for children and their parents, adults with chronic conditions, and senior citizens of retirement age.
Oscar Health currently sells health insurance plans in three segments – individual, small group and Medicare Advantage – which together make up a market of more than 50 million U.S. consumers and about $450 billion in direct premiums.
At the core of Oscar Health’s business model is a differentiated Full Stack technology cloud platform that allows:
It is a scalable platform that is used not only in the United States, but also in other countries around the world. Oscar Health’s unique technology platform and distinctive corporate culture of interaction with its clients and healthcare providers has enabled it to become the third national insurer in the individual market in the United States in just eight years to be ranked by Medicare Advantage as a 2020 insurer serving the individual market.
Капитализация на IPO: ≈$6,5 млрд.
Объем размещения: $1 млрд.
Количество размещаемых акций: 31 млн.
Ценовой диапазон: $32-$34.
Ведущие андеррайтеры: Goldman Sachs и Morgan Stanley.
Дата IPO: 02.03.2021
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