January 29, 2014

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Article

Health Catalyst Closes $41 Million in Funding

Press Release

January 29, 2014

Salt Lake City — Health Catalyst has closed $41 million in funding from existing investors http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uL6LAiACxoU97LSg3509inTv1NjLjhv9UX7xi-bMPfkzmJUGW1r6rVPWXywb4jJoRC9iWiJJ0rKO70FVE_0Sveh387wlOv5IcJHIDEGGFv96M2jzH8inHmOKimeeDoZ57g==&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg">Sequoia Capital, http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uL6LAiACxoU98pr8-eN3d6-Id-HVNe-f72gz2yhMssXkWxQZqFbmwnr0mi_LeO9sYapBoG67v5aAMFledMRs1XvgxJw1Go5Ux1EYS4NwqBxLp1EPcaNo6X0=&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg8tB15-0D_tZE">Norwest Venture Partners, http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uHauduwLZ45ld2ZkenyozY3yQZ1T0W7m8Oz1eYL4YLK6JIjoTmIstARhXxTMSDvoAmJq7TU4ni6fVn5jhUPZZtFDWr7yBTXT7L1Fc7DrX5R6Z1UbZgdimnxfNI6yKym3wA==&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg">Kaiser Permanente Ventures, http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uJwwkgmrob1SXq0PNBgbPcPSn5lm71ULC3-avTRpDf6tbyvHzMW2zPokrM3UpJMQcOFsOcY0HGy5G4GIlPjYnuVQh08OuqCB6xu6Ie9hYEKWITvWbCb_4iRjEDWiqoQBpw==&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg">Sorenson Capital, http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uHauduwLZ45lOF6bbUT9sldi1dsenMEjWMIwaE_zoyzmWuN4jqLaCHpWnRGxeA7VyP-X_gaTGvEPnyreuui5QXTvQ9Dh7cf-9wqXuOBMd3hmpEsACglTRJSArrGyq4-QhA==&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg">CHV Capital (an Indiana University Health Company) and http://r20.rs6.net/tn.jsp?f=001afnmUhVKI2UYGwqeBb20x70ecujcy8qYJq2EUTGszmmNDZE80Wl7uGEAW-0L8lYSZXHZ6FYgzmTpcYFwL2IzDT6pbcxI9MwgSglOiOedGDNFPyXIv7F6cBu_JmnIa11h9HSgSs4pT9yT2oFhbArXIF8n-rzuvD1lhzArLMuWeAo=&c=fymGiJNB3z6_4XPGJv57gSybONCQpLMwcJHMg8tB15-0D_tZE">Partners HealthCare.

The investment enables Health Catalyst to further build out its healthcare analytics platform. The company plans to invest $50 million in product development over the next 24 months, including production of the next 200 clinical applications on its roadmap.

“We are thrilled that our existing investors chose to continue their strategic relationships with us, leading the way to major innovations for US healthcare," said Health Catalyst CEO Dan Burton.

In 2013, Health Catalyst increased the number of its platform and application products to 100, and several new clients began using the company’s platform. Among those new clients was Crystal Run Healthcare, Kaiser Permanente, Memorial Hospital at Gulfport, NorthBay Healthcare, Partners Healthcare and Wisconsin Children’s Hospital. 

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