- Anticipated IPO schedule: 2021
- Projected IPO valuation: N/A
Oscar wellness’s origins return to 2012, whenever Harvard company Classmates Mario Schlosser, Kevin Nazemi and Josh Kushner (the bro of Jared Kushner) had a concept to generate a kind that is new of insurance carrier predicated on cutting-edge eharmony electronic technologies. The timing had been spot-on, too, as Oscar Health would enjoy the rollout associated with the low-cost Care Act (ACA).
Schlosser and Kusnher had individual grounds for starting the organization. Schlosser, had a negative knowledge about coping with a healthcare facility payment whenever his spouse had been expecting. Kushner possessed an experience that is similar he injured their ankle.
Oscar wellness has raised significantly more than $1.5 billion since its founding. This money ended up being utilized to launch insurance coverage services and products for families, small enterprises and the ones with Medicare Advantage plans. (more…)Learn More