Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>Waystar Holding, provider of mission-critical cloud software to healthcare organizations, set terms for an IPO and plans to raise ~$970M in the upcoming Nasdaq offering.</li>
<li>The initial public offering is expected to be between $20.00 and $23.00. At the midpoint, Waystar Holding has a market value of ~$3.7B based on 173.4M fully diluted shares.</li>
<li>In my insight, I discuss valuation framework for comparable company analysis and research multiples of M&amp;A transactions, including Athenahealth, Cerner and Change Healthcare. </li>
</ul>


Waystar Holding, provider of mission-critical cloud software to healthcare organizations, set terms for an IPO and plans to raise ~$970M in the upcoming Nasdaq offering.
The initial public offering is expected to be between $20.00 and $23.00. At the midpoint, Waystar Holding has a market value of ~$3.7B based on 173.4M fully diluted shares.
In my insight, I discuss valuation framework for comparable company analysis and research multiples of M&amp;A transactions, including Athenahealth, Cerner and Change Healthcare. 


Waystar Holding: IPO Price (Midpoint): $21.50. PT: $17.50, ~19% Downside. Move To Sidelines

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points<ul><li>Analysts believe R1 (RCM) presents a compelling investment opportunity despite recent challenges</li><li>Predictions suggest profitability improvements and potential doubling of stock value over the next few years</li><li>Long-term outlook remains strong due to industry-leading position and growth potential in healthcare IT sector</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key pointsAnalysts believe R1 (RCM) presents a compelling investment opportunity despite recent challengesPredictions suggest profitability improvements and potential doubling of stock value over the next few yearsLong-term outlook remains strong due to industry-leading position and growth potential in healthcare IT sectorThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

R1 Rcm Inc (RCM) - Wednesday, Nov 22, 2023

<ul>
<li>Waystar Holding, a cloud-based technology company and healthcare RCM solution provider, filed for a $100M placeholder IPO.</li>
<li>Founded in 2017 through the merger of two healthcare firms, ZirMed and Navicure, Waystar Holding provides mission-critical cloud software to healthcare organizations in the United States. </li>
<li>The company has ~$2.3B of outstanding borrowings and plans to use net proceeds from an upcoming IPO to repay outstanding indebtedness under credit facilities. </li>
</ul>


Waystar Holding, a cloud-based technology company and healthcare RCM solution provider, filed for a $100M placeholder IPO.
Founded in 2017 through the merger of two healthcare firms, ZirMed and Navicure, Waystar Holding provides mission-critical cloud software to healthcare organizations in the United States. 
The company has ~$2.3B of outstanding borrowings and plans to use net proceeds from an upcoming IPO to repay outstanding indebtedness under credit facilities. 


Waystar IPO Preview: Debt-Fueled Expansion Through M&A Deals In A High-Interest Rate Environment

United States

R1 RCM Inc. operates as a revenue cycle management company. The Company provides technology-driven solutions that transform the patient experience and financial performance of healthcare providers. R1 RCM serves customers in the United States.

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R1 RCM (RCM US)

Waystar Holding: IPO Price (Midpoint): $21.50. PT: $17.50, ~19% Downside. Move To Sidelines

I remain cautious about buying into upcoming Waystar Holding IPO and I would consider becoming more constructive on the stock if its valuation...

Andrei Zakharov

R1 Rcm Inc (RCM) - Wednesday, Nov 22, 2023

Analysts believe R1 (RCM) presents a compelling investment opportunity despite recent challenges. Predictions suggest profitability improvements...

Value Investors Club (VIC)

Waystar IPO Preview: Debt-Fueled Expansion Through M&A Deals In A High-Interest Rate Environment

Waystar Holding IPO looks risky in a high-interest rate environment, given the company’s debt-fueled expansion through a series of M&A deals.

Andrei Zakharov

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Waystar Holding: IPO Price (Midpoint): $21.50. PT: $17.50, ~19% Downside. Move To Sidelines

​I remain cautious about buying into upcoming Waystar Holding IPO and I would consider becoming more constructive on the stock if its valuation...

Andrei Zakharov

R1 Rcm Inc (RCM) - Wednesday, Nov 22, 2023

Analysts believe R1 (RCM) presents a compelling investment opportunity despite recent challenges. Predictions suggest profitability improvements...

Value Investors Club (VIC)

Waystar IPO Preview: Debt-Fueled Expansion Through M&A Deals In A High-Interest Rate Environment

Waystar Holding IPO looks risky in a high-interest rate environment, given the company’s debt-fueled expansion through a series of M&A deals.

Andrei Zakharov

I remain cautious about buying into upcoming Waystar Holding IPO and I would consider becoming more constructive on the stock if its valuation...