Inovalon

Business Description

Inovalon is a leading provider of cloud-based platforms empowering data-driven healthcare in the US.

Inovalon enables better care, efficiency, and economics by turning data into insights and insights into actions. Leveraging its world-class platform, proprietary datasets, industry-leading expertise and advanced analytics, Inovalon supports customers across the healthcare ecosystem including health plans, provider organisations, pharmaceutical, medical device, and diagnostics companies.

The Company’s industry-leading Data Insights solution enables an acceleration to a more patient-centric healthcare model as it interconnects the healthcare ecosystem with the need to aggregate and analyse large amounts of disparate data, garner meaningful insight from the results, and use these insights to drive material change to outcomes and economics.

As a leading healthcare and technology investor, Nordic Capital intends to help Inovalon to grow and drive innovation, as well as supporting the wider move to more effective and sustainable data-driven healthcare.

Sector

Tech & Payments

Healthcare

Key Information

Revenues 2021*

EUR 675 million

Employees

1,820

Ownership

Nordic Capital Fund X

Head office

Bowie, Maryland, USA

Investment date

2021

*Reported