Health benefit management company Extend Health Inc. hopes to raise about $75 million with an initial public offering of stock, according to a registration statement filed with the Securities and Exchange Commission.
The San Mateo, Calif., company operates a private exchange on which retirees can buy Medicare-related coverage.
Medicare is the federal government's health coverage program for the elderly and disabled. Extend Health says it receives most of its revenue from Medicare supplement, Medicare Advantage and Medicare Part D prescription drug plans.
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