News

Boston, MA – October 28, 2014 — Leerink Partners, a leading investment bank to both emerging and established companies that are shaping the future of healthcare, today announced the launch of research coverage in the digital health sector. Leerink’s coverage is being led by Steven Wardell, a Vice President in the firm’s equity research team. The companies include:
• Castlight Health (CSLT)
• Everyday Health (EVDY)
• Imprivata Inc. (IMPR)
• Veeva Systems (VEEV)
• Wageworks (WAGE)
• WebMD (WBMD)

Digital health is described as the convergence of the healthcare system with digital technology to empower the consumer, take healthcare outside the institution to where the patient is and when the patient needs care, and automate the workflows of healthcare workers. Leerink’s coverage will initially commence with six digital health companies and is expected to grow over time. Mr. Wardell will work closely with Leerink Managing Director David Larsen, who has covered healthcare IT and distribution for Leerink since 2010.

“Leerink is committed to finding innovative companies and investment ideas on the leading edge of healthcare, and we believe digital health to be a drastically transformative sector,” said John Sullivan, head of equity research at Leerink Partners. “We are pleased to have Steve join our team, and we look forward to leveraging his deep expertise as we make this exciting addition to our leading healthcare research offerings.”

Mr. Wardell, a graduate of Harvard Business School, has previously served in executive and operations roles at a number of leading digital health and healthcare IT companies, including Activate Networks, Inc., PatientKeeper, and Informed Clinical Sciences Corp. He was also a financial analyst for Citigroup’s M&A group. The Boston Business Journal named him one of Boston’s “Top 40 Under 40” business leaders.

About Leerink Partners

Leerink Partners LLC is a leading investment bank, specializing in healthcare. Our knowledge, experience and focus enable us to help our clients define and achieve their strategic, capital markets and investment objectives. We partner with companies that develop and commercialize innovative products and services that are defining the future of healthcare. Leerink Partners LLC is a member of FINRA/SIPC. For more information, please visit: www.leerink.com.