Diligence memo · auto-generated · as of July 2, 2026
Health Catalyst, Inc.
Health Catalyst, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Health Catalyst, Inc. operates in Healthtech, based in SOUTH JORDAN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Health Catalyst, Inc. has raised $414M in disclosed capital across 13 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $70M on 2016-02-09.
Most recent recorded round closed around 2025-01-22.
Valuation (modeled)modeled
Provath models Health Catalyst, Inc. at approximately $324M (range $162M–$455M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.98× the median modeled value of Series C Healthtech companies in 2025–2027 (19 peers) — value vs value, same stage and era. Within the normal band (98% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 17 mo ago; this sector typically re-raises about every 14 months.
Slightly overdue versus sector cadence.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Healthtech peers (2138 compared).
Modeled value ranks above 90% of those peers.
Closest niche peers: Thyme Care, Inc., Cohere Health Inc., All Inspire Health, Inc., Harbor Health Team Inc., Apreo Health, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.