Health Catalyst
Healthtech / data & analyticsUSA
New to Unitard
π Public < $1B
PeakΒ $1.37 BillionRecorded estimate
~-94%
from peak
- π¦Became a unicorn2019
- πPeak valuation$1.37 Billion β21
- πBecame a Unitard2022
- πΈLast valuation estimate~$82.2M
Current status
Public (Nasdaq: HCAT)
The rise & fall
6 moments Β· 2008β2024The key moments, with employee sentiment along the way.
2008
2008
Founded in Salt Lake City
Intermountain Healthcare veterans build a data warehouse to help hospitals improve clinical and financial outcomes.
Wikipedia
Jul 2019
Jul 2019
IPOs a unicorn at $26 a share
The venture-backed hospital-analytics company lists on the Nasdaq.
SEC filing
2021
2021
The peak: ~$1.37B$1.37B
Market value crests as digital-health spending does.
Macrotrends
2022
2022
Slips out of the club
Hospital IT budgets tighten, growth slows, and the stock starts a roughly 94% grind down.
Macrotrends
2022β24
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews described the company's first-ever layoffs becoming a recurring event amid near-constant reorganizations β some reviewers counted several managers in two years β though many still credited leadership for unusual transparency and generous severance.
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Health Catalyst provides a data-and-analytics platform and services that help hospitals and health systems improve clinical and financial outcomes. A venture-backed unicorn, it went public in July 2019 and its market value peaked around $1.37B. As hospital IT budgets tightened and growth slowed, the stock fell roughly 94%, leaving it worth under $100M.
Source: stockanalysis / Macrotrends / SEC (July 2019 IPO at $26/share; peak market cap ~$1.37B; ~$81-95M by 2026, -94%)
Founders & leadership
- Tom Burtonco-founder (built the data warehouse at Intermountain Healthcare first)Now Mission President - Angeles Philippines Mission at The Church of Jesus Christ of Latter-day SaintsLinkedIn β
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
