Orange, Calif.-based Alignment Healthcare, Inc. is now the third startup insurer in recent months to go public. Banking on the strong value proposition of Medicare Advantage, Alignment said it already has a “national expansion strategy” that it will put into action next year, but some experts question whether the measured growth the insurer has achieved primarily in California can be duplicated in other markets. The initial public offering, launched on March 18, is expected to be priced between $17 and $19 per share.
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