Motley Fool January 8, 2020
Healthcare benefits assistant Accolade might be planning an initial public offering with the help of Goldman Sachs and Morgan Stanley.
According to CNBC, the word on Wall Street is that Accolade, a 12-year-old start-up that employers pay to help their employees navigate increasingly expensive health benefits, is seeking help from Goldman Sachs and Morgan Stanley to raise more money.
After operating for 12 years, Accolade serves 1.5 million employees who work for mid-sized businesses as well as giants like Lowes and Comcast. Accolade also partners with a variety of healthcare providers that have a common theme: reducing costs while improving outcomes. For example, Livongo (NASDAQ:LVGO) operates a smartphone-based platform that helps patients with diabetes and other chronic conditions manage their diseases with...