Phreesia (PHR) Announces July 18th IPO

Phreesia (PHR) is planning to raise $127 million in an IPO on Thursday, July 18th, IPO Scoop reports. The company will be issuing 7,800,000 shares at $15.00-$17.62 per share.

In the last 12 months, Phreesia generated $104.3 million in revenue and had a net loss of $54.1 million. The company has a market-cap of $563 million.

J.P. Morgan, Wells Fargo Securities, William Blair, Allen & Company and Piper Jaffray acted as the underwriters for the IPO.

Phreesia provided the following description of their company for its IPO: ”  We are a leading provider of comprehensive solutions that transform the healthcare experience by engaging patients in their care and enabling healthcare provider organizations to optimize operational efficiency, improve profitability and enhance clinical care. As evidenced in industry survey reports from KLAS, we have been recognized as a leader based on our integration capabilities with healthcare provider organizations, the broad adoption of our patient intake functionalities and by overall client satisfaction. Through the SaaS-based Phreesia Platform (the “Phreesia Platform” or “our Platform”), we offer healthcare provider organizations (our “provider clients”) a robust suite of solutions to manage the patient intake process and an integrated payments solution for secure processing of patient payments. “.

Phreesia was founded in 2005 and has 436 employees. The company is located at 432 Park Avenue South, 12th Floor , New York, NY 10016, US and can be reached via phone at (888) 654-7473 or on the web at http://www.phreesia.com.

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