---
schema_version: "secwatch.filing_event.v1"
accession: "0001636422-25-000010"
form_type: "8-K"
ticker: "HCAT"
cik: "0001636422"
company_name: "Health Catalyst, Inc."
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T03:27:13.016357+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Health Catalyst acquires Upfront Healthcare for ~$86M net; reports preliminary Q4 & FY2024 results and 2025 guidance

## Summary
- Upfront acquisition: ~$86M net consideration (cash + ~5.75M shares) plus up to ~$33.4M earn-out; expected Q1 2025 close.
- Preliminary Q4 2024 revenue $78.75-79.75M (+6% YoY), Adj. EBITDA $7.9M (10% margin).
- Full-year 2024 revenue $305.7-306.7M (+3%), Adj. EBITDA $26.1M (+137%, 9% margin).
- 2025 guidance: revenue ~$335M (+10%), Adj. EBITDA ~$39M (+49%, 12% margin).
- Net new platform clients 21 in 2024 (+91%); 2025 target ~40 (+90%).

## SEC filing metadata
- accession: 0001636422-25-000010
- form_type: 8-K
- ticker: HCAT
- cik: 0001636422
- company_name: Health Catalyst, Inc.
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1636422/000163642225000010/0001636422-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1636422/000163642225000010/ajpmorganconferencejan2025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001636422-25-000010
- JSON: https://secwatch.observer/filing/0001636422-25-000010.json
- Plain text: https://secwatch.observer/filing/0001636422-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.