SOURCE: Evolent Health

Evolent Health

June 04, 2015 18:41 ET

Evolent Health, Inc. Announces Pricing of Initial Public Offering

WASHINGTON, DC--(Marketwired - June 04, 2015) - Evolent Health, Inc. (NYSE: EVH) has priced its initial public offering of 11,500,000 shares of Class A common stock at a price to the public of $17.00 per share.

The underwriters have been granted an option to purchase up to 1,725,000 additional shares of Class A common stock from Evolent at the initial public offering price, less underwriting discounts and commissions. Evolent's Class A common stock has been approved for listing on the New York Stock Exchange under the symbol "EVH", subject to official notice of issuance.

J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as joint bookrunners for the offering. Wells Fargo Securities, LLC, William Blair & Company, L.L.C., SunTrust Robinson Humphrey, Inc. and Leerink Partners LLC are acting as co-managers.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission (SEC). The offering will be made only by means of a prospectus. A copy of the final prospectus relating to these securities will be filed with the SEC and may be obtained, when available, by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204; or Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, e-mail: prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Evolent Health

Evolent Health partners with leading health systems to drive value-based care transformation. By providing clinical, analytical and financial capabilities, Evolent helps physicians and health systems achieve superior quality and cost results. Evolent's approach breaks down barriers, aligns incentives and powers a new model of care delivery resulting in meaningful alignment between providers, payers, physicians and patients.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in Evolent's registration statement on Form S-1 filed with the SEC.

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