Digital Physical Therapy Startup Scharnier Health files for IPO
ENSO product of health.
With kind permission: hinge health
Hinge Health, a provider of digital physiotherapy services, was submitted to the stock exchange on Monday.
The Health Health uses software to help patients carry out the musculoskeletal injuries, chronic pain and rehabilitation after the operation remote. According to the prospectus, the company’s turnover last year rose by 33% to USD $ 390 million, and its net loss for the year was restricted from USD EUR 11.9 million in the previous year.
The IPO market has been quiet in the entire technology sector in the past three years, but within digital health it was almost completely quiet, since the companies have difficulties after the Covid 19 pandemy to adapt to an environment with subdued growth. According to a report by Rock Health, there were no digital healthcare companies in 2023 and the only remarkable offers last year WaystarA provider of the healthcare service software, and Tempus you havePrecision medicine.
“We have many decades ahead of us,” said Daniel Perez, CEO of HING HEALTH, on Monday. “We hope you join us on this trip.”
The company plans to act on the New York stock exchange under the ticker symbol “Hnge”.
Perez and Gabriel Mecklenburg, Chairman of Hine Health, were co -founders in 2014 after he had experienced personal battles with physical rehabilitation, according to the company’s website.
Members of hinge health can access virtual training therapy and a stimulation device for electrical nerves, which is called the ENSO. The company claims that its technology can help users improve their pain, reduce the needs of surgery and reduce health care costs.
The company based in San Francisco collected more than $ 1 billion of investors such as Tiger Global and Coatue Management and built an assessment of $ 6.2 billion in October 2021. The largest shareholders of external shareholders are insight partners and atomico who, according to the submission of 19% and 15% of the shares.
The double -class structure of the Scharnier Health gives every share of class B 15 votes. Almost all class B shares belong to the founders and top investors.
Employees in more than 2,250 organizations, including Morgan Stanley, Target and General Motors, can access the offers from HING HEALTH from HING HEALTH. The company had more than 532,000 members on December 31, and more than 20 million people are entitled to register, according to the submission.
The Health Health rejected a statement.
REGARD: The market is located in a good environment for hedge funds
