Health Catalyst, supported by Sequoia and endowed with a billion dollars, chose the main banks for its IPO

Health Catalyst, a start-up backed by Sequoia Capital that stores and badyzes data for healthcare companies, is questioning banks for an initial public offering expected later this year, according to several people familiar with the process.

The start-up has hired Goldman Sachs and JPMorgan to lead the IPO process, a source said, and is questioning banks for other functions.

Health Catalyst, Goldman Sachs and JPMorgan declined to comment.

The move to an IPO comes just weeks after the company announced that it had raised $ 100 million in equity and debt financing led by OrbiMed-focused health care investor .

This round, announced on February 7, has earned the company over a billion dollars, the company said.

Health Catalyst was founded in Salt Lake City, Utah in 2008 by Steve Barlow and Tom Burton. It is headed by CEO Dan Burton, who invested early in the company through his investment company HB Ventures.