Fundraising Fox

HQC Holdings

Salt Lake City, US · Founded 2011 · Delaware corporation · Public · 2 known investors

HQC Holdings, renamed Health Catalyst in 2017, supplies data and analytics software and services to healthcare organizations.

Also known as Health Catalyst · Health Catalyst, Inc. · HQC Holdings, Inc.

Founders & leadership

JP
Jeffrey P. SelanderExecutive
BD
Brent DoverExecutive
DD
Daniel D. BurtonExecutive

Board

PH
Promod HaqueBoard director
TCTodd Cozzens
Todd CozzensinBoard directorInvestor at TRANSFORMATION CAPITAL
MDMichael Dixon
Michael DixoninBoard directorInvestor at TRANSFORMATION CAPITAL
SC
Steven C. BarlowBoard director
FBFraser Bullock
Fraser BullockinBoard directorPartner at Sorenson Ventures
LG
Larry GrandiaBoard director

Investors · 2

Reported raises · per SEC filings

Form D private placements

$414.2M disclosed across 13 rounds · 2015–2025

$44.5MraisedFeb 2025 · 109 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel LeSueurExecutive Officer
  • Julie Larson-GreenDirector
  • Benjamin LandryExecutive Officer
  • Jason AlgerExecutive Officer
  • Anita V. PramodaDirector
  • Daniel D. BurtonExecutive Officer, Director
  • Linda LlewelynExecutive Officer
  • Kevin FreemanExecutive Officer
  • S. Dawn SmithDirector
  • John A. KaneDirector
  • Duncan GallagherDirector
  • Matthew KolbDirector
  • Jill Hoggard GreenDirector
Offering amount
$44.5M
Amount sold
$44.5M
First sale
Jan 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$18MraisedNov 2024 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Kevin FreemanExecutive Officer
  • Julie Larson-GreenDirector
  • Linda LlewelynExecutive Officer
  • Daniel LeSueurExecutive Officer
  • John A. KaneDirector
  • S. Dawn SmithDirector
  • Jason AlgerExecutive Officer
  • Matthew KolbDirector
  • Anita V. PramodaDirector
  • Duncan GallagherDirector
  • Benjamin LandryExecutive Officer
  • Daniel D. BurtonExecutive Officer, Director
Offering amount
$18M
Amount sold
$18M
First sale
Nov 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedAug 2024 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel LeSueurExecutive Officer
  • Julie Larson-GreenDirector
  • Daniel D. BurtonExecutive Officer, Director
  • Benjamin LandryExecutive Officer
  • S. Dawn SmithDirector
  • Matthew KolbDirector
  • John A. KaneDirector
  • Kevin FreemanExecutive Officer
  • Anita V. PramodaDirector
  • Duncan GallagherDirector
  • Linda LlewelynExecutive Officer
  • Jason AlgerExecutive Officer
Offering amount
$2.5M
Amount sold
$2.5M
First sale
Aug 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.5MraisedJun 2024 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Duncan GallagherDirector
  • Kevin FreemanExecutive Officer
  • John A. KaneDirector
  • Daniel D. BurtonExecutive Officer, Director
  • S. Dawn SmithDirector
  • Daniel LeSueurExecutive Officer
  • Julie Larson-GreenDirector
  • Anita V. PramodaDirector
  • Linda LlewelynExecutive Officer
  • Benjamin LandryExecutive Officer
  • Matthew KolbDirector
  • Jason AlgerExecutive Officer
Offering amount
$2.5M
Amount sold
$2.5M
First sale
May 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$6MraisedMay 2022 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul HorstmeierExecutive Officer
  • Daniel D. BurtonExecutive Officer, Director
  • Anita V. PramodaDirector
  • Jason AlgerExecutive Officer
  • Bryan HuntExecutive Officer
  • Julie Larson-GreenDirector
  • Linda LlewelynExecutive Officer
  • Mark B. TempletonDirector
  • John A. KaneDirector
  • J. Patrick Nelli, Jr.Executive Officer
  • Duncan GallagherDirector
  • Bryan HintonExecutive Officer
  • Fraser BullockDirector
  • Daniel OrensteinExecutive Officer
  • Dawn SmithDirector
Offering amount
$6M
Amount sold
$6M
First sale
Apr 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$13.5MraisedMar 2022 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Anita V. PramodaDirector
  • Jason AlgerExecutive Officer
  • J. Patrick Nelli, Jr.Executive Officer
  • Bryan HintonExecutive Officer
  • Fraser BullockDirector
  • Paul HorstmeierExecutive Officer
  • Duncan GallagherDirector
  • Dawn SmithDirector
  • John A. KaneDirector
  • Daniel OrensteinExecutive Officer
  • Julie Larson-GreenDirector
  • Linda LlewelynExecutive Officer
  • Bryan HuntExecutive Officer
  • Daniel D. BurtonExecutive Officer, Director
  • Mark B. TempletonDirector
Offering amount
$13.5M
Amount sold
$13.5M
First sale
Feb 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$47MraisedJul 2021 · 116 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Julie Larson-GreenDirector
  • Anita V. PramodaDirector
  • Paul HorstmeierExecutive Officer
  • Fraser BullockDirector
  • Daniel D. BurtonExecutive Officer, Director
  • John A. KaneDirector
  • James Patrick Nelli, Jr.Executive Officer
  • Mark B. TempletonDirector
  • Duncan GallagherDirector
  • Dawn SmithDirector
  • Daniel OrensteinExecutive Officer
  • Bryan HuntExecutive Officer
Offering amount
$47M
Amount sold
$47M
First sale
Jul 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$50MraisedSep 2020 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • James Patrick Nelli, Jr.Executive Officer
  • Dawn SmithDirector
  • Michael DixonDirector
  • Daniel D. BurtonExecutive Officer, Director
  • Duncan GallagherDirector
  • John A. KaneDirector
  • Mark B. TempletonDirector
  • Todd CozzensDirector
  • Paul HorstmeierExecutive Officer
  • Timothy G. FerrisDirector
  • Anita V. PramodaDirector
  • Fraser BullockDirector
  • Julie Larson-GreenDirector
  • Daniel OrensteinExecutive Officer
Offering amount
$50M
Amount sold
$50M
First sale
Sep 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

HQC Holdings, Inc. is the former corporate name of Health Catalyst, Inc., a provider of data and analytics technology and professional services for healthcare organizations. The company's portfolio includes a commercial-grade healthcare data and analytics platform, AI and data-science capabilities that integrate into existing business intelligence tools, population health management tools that surface improvement opportunities across the care continuum together with actionable guidance and automated workflows, financial transformation offerings covering costing, labor productivity and revenue capture, and quality and safety improvement products built on clinical quality and patient safety data, analytics and expert services. It also operates a national data ecosystem intended to support knowledge exchange across care delivery organizations.

Corporate records describe the business line as developing or modifying computer software and packaging. The entity changed its name from HQC Holdings, Inc. to Health Catalyst, Inc. in March 2017 and is registered with the SEC under CIK 0001636422, with a standard industrial classification of services-computer programming and data processing. Its shares trade under the symbol HCAT.

Business model

The company licenses a healthcare data and analytics platform and sells accompanying analytics applications and expert professional services to healthcare provider and payer organizations.

Revenue is generated from healthcare data and analytics software and related services; a company profile places annual revenue in the $100M-$500M range.

Traction

Reported to work with more than 1,000 health systems and clients, including top academic centers, large provider groups, payers and biotechs, with an employee base reported in the 1,000-20,000 range.

Full profile — market position, technology, go-to-market, geography, history

Market position

Positioned as a healthcare-specific data and analytics vendor serving over 1,000 health systems and client organizations, publicly traded as HCAT with a reported market capitalization of about $119.66 million.

Technology

A commercial-grade healthcare data and analytics platform with data integration, AI and data-science components that plug into existing business intelligence tools, plus applications for population health management, costing and labor productivity, revenue capture, and clinical quality and patient safety measurement.

Go-to-market

Healthcare organizations, including academic medical centers, large provider groups, payer organizations and biotech companies.

Geography

Headquartered in Salt Lake City, Utah, with corporate offices listed in South Jordan, Utah, and additional offices in Los Angeles and San Francisco; operations are in the United States.

History

Sources give differing founding dates for the entity: a corporate profile states HQC Holdings, Inc. was founded in 2011, while a company wiki states Health Catalyst was founded in 2008. The company was formerly known as HQC Holdings, Inc. and changed its name to Health Catalyst, Inc. in March 2017. It has grown through a series of acquisitions and partnerships and, as of the profile, works with more than 1,000 health systems and clients.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employees rangeJan 20261,000-20,000
Health systems and clientsJan 20261,000 organizations
Market capJan 2026$119.7M
Revenue rangeJan 2026$100M-$500M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 1

launches, deals, and filings
Mar 2017
HQC Holdings, Inc. renamed Health Catalyst, Inc.

The company changed its name from HQC Holdings, Inc. to Health Catalyst, Inc. in March 2017; SEC records note a former-name change date recorded in 2015-03 for the HQC Holdings designation.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
HQC HoldingsDelaware

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does HQC Holdings do?
HQC Holdings, renamed Health Catalyst in 2017, supplies data and analytics software and services to healthcare organizations.
Who are HQC Holdings's investors?
HQC Holdings's investors include Sorenson Ventures, TRANSFORMATION CAPITAL.
How much funding has HQC Holdings raised?
HQC Holdings has disclosed $414.2M raised across 13 rounds.
Where is HQC Holdings headquartered?
HQC Holdings is headquartered in Salt Lake City, US.