ACG Utah Presents its 2019 Deal Maker of the Year Award to Health Catalyst
SALT LAKE CITY – March 10, 2020 – ACG Utah has a long tradition of honoring dealmakers in the Utah business community—those who have successfully led the charge in driving growth in their organizations. With a focus on helping “Businesses Grow Here,” ACG Utah reviewed the middle-market mergers and acquisition transactions that occurred in Utah during 2019, seeking deals that involved Utah companies, Utah capital providers, Utah lenders and Utah advisors. For 2019, the Utah company that clearly met these criteria was Health Catalyst, Inc. (“Health Catalyst,” Nasdaq: HCAT).
On July 25, 2019, Health Catalyst celebrated the realization of a successful IPO, resulting in the sale of 8,050,000 shares of common stock priced at $26 per share for total aggregate net proceeds of approximately $190 million.
“It is an honor for Health Catalyst to receive this meaningful recognition from ACG Utah,” said Dan Burton, Chief Executive Officer of Health Catalyst. “Our ability to successfully take the company public is the result of our team members’ dedication and commitment to transforming healthcare through data-driven clinical, financial and operational improvements. We are grateful to each of the healthcare organizations we serve for the trust they place in us as we work together to fulfill our mission to be the catalyst for massive, measurable, data-informed healthcare improvement.”
“Health Catalyst’s $190 million IPO is yet another great example of the talent, innovation and business savvy originating from the state of Utah,” said Jason Castor, President of ACG Utah. “We are thrilled to recognize the accomplishments of Health Catalyst with the 2019 ACG Utah Dealmaker of the Year Award. ”
Health Catalyst was founded in 2008 by healthcare veterans with experience in and knowledge of data warehousing and quality improvement. Today, Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations. Its Solution comprises a cloud-based data platform, analytics software, and professional services expertise. Its customers, primarily healthcare providers and risk bearing entities, use the company’s Solution to manage their data, derive analytical insights to better operate their organizations, and produce measurable clinical, financial, and operational improvements.
Today, Health Catalyst employs more than 900 team members and serves healthcare organizations across the United States and internationally. Nearly 50 percent of Health Catalyst team members live and work in Utah; headquarters is based in Salt Lake City.
About Health Catalyst
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.
About ACG Utah
Founded in 1954, the Association of Corporate Growth (ACG) is an organization that connects professionals to drive middle market growth. ACG currently has 59 chapters across the globe with experts in every field to help grow businesses with hands-on experience. The Utah chapter holds nine networking breakfast events per year where area professionals can share their market knowledge as well as an annual conference. To learn more, visit https://www.acg.org/utah.
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