Inovalon Holdings, Inc.

Based in Bowie, Maryland, US, and founded in 2006 by Keith Dunleavy, M. D. (CEO), Inovalon Holdings, Inc. operates as a provider of cloud-based platforms and technology-enabled health care solutions.

The company’s database is comprised of information pertaining to 1 million physicians across 584,000 facilities and 338 million patients. In 2015, Inovalon Holdings, Inc. went public trading on NASDAQ under the ticker symbol INOV, raising about USD 685 million in its IPO, and in August 2021, Nordic Capital, Insight Partners, 22C Capital, and other stockholders agreed to acquire the company for approximately USD 7. 3 billion, or USD 41 per share, in a public-to-private transaction, which is expected to be close in late 2021 or early 2022.

As of 2021, the firm employs 1,836 employees and it has offices in Minnesota, Tennessee, Arizona, Pennsylvania, Florida, and the District of Columbia, US. The firm offers Inovalon ONE®, a unified cloud platform that provides the capability to interconnect with the entire healthcare ecosystem, which delivers insights in real-time, aggregates, analyses, and visualizes information and data, enabling an enhancement in the business strategy and execution. The company’s platform contains various modules, such as solutions for healthcare payers, healthcare providers, life science companies, and specialty pharmacy sector including medical device, and diagnostics firms, etc, which provides actionable insights to them, allowing better care, operational efficiency, and financial performance across the whole healthcare ecosystem. The company generated USD 190.

4 million in revenue for the three months ended June 2021, and USD 667. 52 million as revenue in 2020. Upon completion of its transaction with Nordic Capital, Insight Partners, 22C Capital, and other stockholders, Inovalon Holdings, Inc. will become a private company, and its stocks will cease trading on the NASDAQ.