Hinge Health’s IPO Filing Follows Years of Inactivity In Digital Health

Benzinga

Hinge Health filed for an initial public offering on Monday, according to CNBC. Hinge Health provides software for remote musculoskeletal treatment and rehabilitation and reported higher revenue and a reduced net loss last year.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02HinchHealth filed for initial public offering on Monday, according to CNBC.

00:06HinchHealth provides software for remote musculoskeletal treatment and rehabilitation

00:10and reported higher revenue in a reduced net loss last year.

00:13The digital health IPO market has been largely inactive, with no IPOs in 2023

00:18and only a few notable offerings last year amid slow post-pandemic growth.

00:22HinchHealth offers virtual exercise therapy and the Enso device,

00:26aiming to reduce pain, lower surgery needs, and decrease healthcare costs.

00:30San Francisco-based company has raised more than $1 billion from investors,

00:34including Tiger Global and Co2 Management,

00:37and it posted more than $6 million valuation as of October 2021.

Category

Transcript

Recommended