Alignment Healthcare launches IPO to grow Medicare Advantage line

Alignment Healthcare, a provider of privatized Medicare benefits for seniors, has launched its initial public offering. Alignment, which operates in California, North Carolina and Nevada with 81,500 health plan enrollees in more than 20 markets in these states, is the latest health insurer to launch an IPO this year. Oscar Health, which sells individual coverage under the Affordable Care Act and has been expanding its own Medicare Advantage business, went public earlier this year.