MARPAI, INC.
| General Information | |
| Business: | Marpai Inc.’s mission is to positively change healthcare for the benefit of (i) our clients who are self-insured employers that pay for their employees’ healthcare benefits and engage us to administer the latter’s healthcare claims, and we refer to them as our “Clients”; (ii) employees who receive these healthcare benefits from our Clients, and we refer to them as our “Members,” and (iii) healthcare providers, including, doctors, doctor groups, hospitals, clinics, and any other entities providing healthcare services or products, and we refer to them as the “Providers.”
We are creating the healthcare “Payer of the Future” for self-insured employers in the U.S. Through the use of the latest technology and A.I., we believe we have the ability to predict costly events, such as who is likely to develop a chronic disease or require a costly operation over the next 12 months. With this knowledge, we aim to optimize care so that employers can save money, while employees can have access to high-quality care and enjoy good healthcare outcomes.
Note: Revenue and net loss figures are for the six months that ended June 30, 2021.
(Note: Marpai priced its IPO on Oct. 26, 2021, in line with the terms in its recently revised prospectus – pricing 6.25 million shares at $4 each to raise $25 million. Marpai had revamped its IPO in an S-1/A filing dated Oct. 25, 2021, by increasing the number of shares to 6.25 million, up from 2.78 million, and cutting the price to $4, down from a price range of $8 to $10, to raise $25 million. That change trimmed by estimated proceeds by about $20,000. The deal had been expected to price on Oct. 21, 2021.)
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| Industry: | Insurance agents & brokers |
| Employees: | 131 |
| Founded: | 2019 |
| Contact Information | |
| Address | 5701 East Hillsborough Avenue, Suite 1417 Tampa, Florida 33610-5428 |
| Phone Number | (646) 303-3483 |
| Web Address | http://www.MarpaiHealth.com/ |
| View Prospectus: | MARPAI, INC. |
| Financial Information | |
| Market Cap | $73.31mil |
| Revenues | $3.53 mil (last 12 months) |
| Net Income | $-5.46 mil (last 12 months) |
| IPO Profile | |
| Symbol | MRAI |
| Exchange | NASDAQ |
| Shares (millions): | 6.3 |
| Price range | $4.00 - $4.00 |
| Est. $ Volume | $25.0 mil |
| Manager / Joint Managers | ThinkEquity |
| CO-Managers | - |
| Expected To Trade: | 10/27/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |