agilon health, inc.

General Information
Business:

Our business is transforming healthcare by empowering the primary care physician (“PCP”) to be the agent for change in the communities they serve. We believe that PCPs, with their intimate patient-physician relationships, are best positioned to drive meaningful change in quality, cost and patient experience when provided with the right infrastructure and payment model. Through our combination of the agilon platform, a long-term partnership model with existing physician groups and a growing network of like-minded physicians, we are poised to revolutionize healthcare for seniors across communities throughout the United States. Our purpose-built model provides the necessary capabilities, capital and business model for existing physician groups to create a Medicare-centric, globally capitated line of business. Our model operates by forming risk-bearing entities (each, an “RBE”) within local geographies, that enter into arrangements with payors providing for monthly payments to manage the total healthcare needs of our physician partners’ attributed patients (or, global capitation arrangements), contract with agilon to perform certain functions and enter into long-term professional service agreements with one or more anchor physician groups pursuant to which the anchor physician groups receive a base compensation rate and share in the savings from successfully improving quality of care and reducing costs.

Our company was formed in 2016, and we established our inaugural partnership with an anchor physician group in 2017. Our ability to rapidly build scaled positions in local communities has allowed us to grow to 16 anchor physician groups and 17 geographies in fewer than five years. Our platform has enabled us to grow our total membership by 45% and revenue by 53% from Dec. 31, 2019, to Dec. 31, 2020. Currently, the PCPs on our platform serve approximately 210,000 patients enrolled in Medicare Advantage (“MA”), which includes approximately 49,000 patients with physician groups contracted to go-live on Jan. 1, 2022 (we refer to these patients as the “members on our platform”).

Industry: Services - Allied Health Services
Employees: 552
Founded: 2016
Contact Information
Address 1 World Trade Center, Suite 2000 Long Beach, CA 90831
Phone Number (562) 256-3800
Web Address
View Prospectus: agilon health, inc.
Financial Information
Market Cap $8274.06mil
Revenues $1218.33 mil (last 12 months)
Net Income $-60.05 mil (last 12 months)
IPO Profile
Symbol AGL
Exchange NYSE
Shares (millions): 46.6
Price range $20.00 - $23.00
Est. $ Volume $1001.9 mil
Manager / Joint Managers J.P. Morgan/ Goldman Sachs/ BofA Securities/ Deutsche Bank Securities/ Wells Fargo Securities
CO-Managers William Blair/ Truist Securities/ Nomura
Expected To Trade: 4/15/2021
Day: Thursday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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