Banking On MA’s Bright Future, Alignment Joins IPO Trend

An earlier version of this story incorrectly said Alignment Healthcare, Inc. launched its initial public offering on March 18; it only established the pricing range and had not begun trading that day.

Orange, Calif.-based Alignment Healthcare, Inc. will soon become the third startup insurer in recent months to go public. Banking on the strong value proposition of Medicare Advantage, Alignment said it already has a “national expansion strategy” that it will put into action next year, but some experts question whether the measured growth the insurer has achieved primarily in California can be duplicated in other markets. The initial public offering is expected to be priced between $17 and $19 per share, according to a March 18 press release announcing the impending launch.

© 2023 MMIT
Lauren Flynn Kelly

Lauren Flynn Kelly Managing Editor, Radar on Medicare Advantage

Lauren has been covering health business issues, including drug benefits and specialty pharmacy, for more than a decade. She served as editor of Drug Benefit News (the predecessor to Radar on Drug Benefits) from 2004 to 2005 and again from 2011 to 2016, and now manages Radar on Medicare Advantage. Lauren graduated from Vassar College with a B.A. in English.

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