GoHealth (GHTH) has filed a preliminary prospectus for a $100M IPO.
The Chicago, IL-based online health insurance
marketplace leverages machine-learning algorithms with long-term
insurance behavioral data to help individuals find the optimal health
insurance plan for their specific needs. It says its differentiated
combination of a vertically integrated consumer acquisition platform and
highly skilled and trained licensed agents have enabled it to enroll
“millions” of people in Medicare and individual and family plans since
its inception.
Consumers pay no fees to access its platform or
for enrollment, education or other services. In general, it earns
commissions from carriers when consumers sign up for their products.
2019 (predecessor period) Financials:
Revenues: $231.0M (+2%); Commissions: $175.8M (+22%); Operating
Expenses: $287.9M (+46%); Net Loss: ($57.1M) (-303%); Cash Flow Ops:
$9.3M (+72%).
https://seekingalpha.com/news/3584457-gohealth-on-deck-for-ipo
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