EHR vendor Practice Fusion may be filing an initial public offering in 2017, reports The New York Times.
According to the report, Practice Fusion hired JPMorgan Chase in 2015 to help explore the possibility of an offering next year, and the banking and financial services company initially estimated Practice Fusion's public valuation to be around $1.5 billion if it were to go public in 2017. The public valuation estimation is based on predicted 2018 revenue of $181 million.
However, discussions regarding an IPO are now in flux, likely due to the market conditions, according to the report.
"An IPO could potentially be an outcome for Practice Fusion, but currently we continue our focus on commercializing our products, growing the business and serving our physician community," a Practice Fusion spokeswoman told The New York Times.
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