Second Opinion June 5, 2024
The software company seems to be “quietly killing it”
One of the biggest and most successful software companies in health care remains privately-held and no one has a clue what it’s truly worth or how well it’s doing. That company, of course, is Epic Systems. Since it was founded in the late 1970s by Judy Faulkner, it has remained privately-held – and it’s unlikely that it will ever IPO, given its commitment to never going public.
The best guess amongst my network is that the company’s market cap – if it were publicly-traded – would be somewhere around $40 to 60 billion, given it owns about 40% of the hospital market and likely generates about $6 or $7...
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