general_info_on Oscar Health Insurance

Who is Oscar Health Insurance?

Founded in 2012, Oscar is a technology-driven health insurance company that focuses on telemedicine, healthcare, and transparent claims pricing systems for patients. Oscar Health Insurance is headquartered in New York.

Oscar Health Insurance IPO statistics

The company is looking to raise about $1.05 billion through its initial public offering. The price range implies a market cap of $7.05 billion to $8 billion.

What is Oscar Health valuation?

Oscar was valued at $3.2 billion in a funding round in early 2019. Google parent company, Alphabet Inc., is its biggest shareholder with about an 18% pre-IPO ownership stake.

Basic info about Oscar Health

• Mario Schlosser, Josh Kushner, and Kevin Nazemi – classmates at Harvard Business School – founded the company. Kushner is a brother of former White House adviser Jared Kushner, son-in-law of the previous U.S. president.
• Oscar is now the third-largest for-profit national insurer in the Individual market in the United States based on membership.
• Oscar Health is funded by 28 investors. Fidelity and Alphabet are amongst its biggest investors with $400 million and $375 million, respectively.

Sources: marketwatch.com, crunchbase.com, sec.gov