Health Driver, a Sequoia Capital-backed start-up that shops and examines information for health care business, is talking to banks for a going public anticipated later on this year, according to numerous individuals acquainted with the procedure.

The start-up has actually employed Goldman Sachs and JPMorgan to lead the IPO procedure, one source stated, and is talking to banks for other functions.

Health Driver, Goldman Sachs, and JPMorgan decreased to comment.

The approach an IPO comes simply weeks after the business revealed that it raised $100 million in equity and financial obligation funding led by the healthcare-focused financier OrbiMed.

That round, revealed on February 7, valued the business at more than $1 billion, the business stated.

Health Driver was established in Salt Lake City in 2008 by Steve Barlow and Tom Burton. It’s led by CEO Dan Burton, who invested early in the business through his financial investment company, HB Ventures.