Health Catalyst Names Ben Albert as New CEO
Health Catalyst has appointed Ben Albert as its new Chief Executive Officer. According to the announcement, Albert will focus on improving cost efficiency, clinical quality, and consumer experience. The healthcare data and analytics company also plans to reduce its board to five directors before its 2026 annual meeting.
- The previous CEO, Dan Burton, had led Health Catalyst for 15 years and announced his plan to step down in August 2025 for a June 2026 departure; Albert's appointment accelerates this planned leadership transition. - Albert joined Health Catalyst in January 2025 through the acquisition of his company, Upfront Healthcare, where he was the co-founder and CEO. - He has a track record as a multi-time founder in the healthcare technology space, having previously founded and sold Care Team Connect, a care management platform, to The Advisory Board Company in 2013. - Since being appointed President and COO in September 2025, Albert has initiated changes to streamline the leadership structure and focus resources on key business priorities to improve financial performance. - The leadership change comes as the company navigates a period of slowed growth, with recent annualized revenue growth of 4.4% trailing its five-year trend, and a management forecast for a sales decline in the upcoming quarter. - For its third quarter of 2025, Health Catalyst reported $76.3 million in revenue and an adjusted EBITDA of $12.0 million, beating its guidance for the period. - The company's stock has been trading near its 52-week low, with a market capitalization of approximately $122.36 million as of mid-February 2026. - The plan to shrink the board to five members follows a non-binding shareholder proposal approved in July 2025 that recommended the board initiate a declassification process.
