Alignment Healthcare slips as General Atlantic cashes out

Alignment Healthcare

03/03/2026 13:39

** Senior healthcare provider Alignment Healthcare's ALHC.O shares down 2.8% at $19.10 before the bell as private equity firm General Atlantic exits

** Orange, California-based ALHC last Mon announced 13.2 mln share secondary offering at $19.46, equating to about $256.2 mln gross proceeds

** Offering price represents 0.1% discount to stock's last close

** General Atlantic offloads remaining ~6.5% stake with the sale, per LSEG data

** ALHC has ~204.3 mln shares outstanding for $4 bln market cap

** JP Morgan is the underwriter for offering

** Through Mon, ALHC shares down 0.5% YTD though up 20% over the past six months

** 11 of 13 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $26 - LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com))