$1 billion Sequoia-backed Health Catalyst has picked lead banks for its IPO

Health Catalyst, a $1 billion healthcare data startup, is interviewing banks for an initial public offering, according to multiple sources. The company has hired Goldman Sachs and JPMorgan to lead the IPO process, according to one of the sources. Health Catalyst announced a $100 million equity and debt financing round in early February which it said valued the company above $1 billion.