Alignment Healthcare $256 million secondary offering
We advised the underwriter on the offering
Davis Polk advised the underwriter in connection with an SEC-registered secondary offering of 13,167,733 shares of common stock of Alignment Healthcare by a selling shareholder associated with General Atlantic. The common stock is listed on the Nasdaq Global Select Market under the symbol “ALHC.”
Alignment Healthcare is a next-generation, consumer-centric and clinically focused platform designed to improve the healthcare experience for seniors enrolled in Medicare who choose a private Medicare Advantage plan. The company’s goal is to provide seniors with easier access to care, better coordination among providers, fewer gaps in care and avoidable hospital visits, and support that meets them where they are – at home, online or in their community. It delivers this experience through a wide variety of Medicare Advantage plans, which offer varied benefits tailored to the diverse needs, preferences and lifestyles of seniors.
The Davis Polk capital markets team included partner Pedro J. Bermeo, counsel Michael Stromquist and associate Jean (Jean Young) Koo. Counsel Dustin Plotnick and associate Hunter P. Shaw provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.