TRUEMOTION feature for health.
Kindness: Health of the joints
Digital physical therapy startup Hinge Health is saved to apply for a starting public offer, potentially next week, CNBC found out.
Hedgehog health helps patients with muscular injuries -a -pointed system ranging from minor sprains to chronic pain that recover from the comfort of their own homes. His iPo was a very expected exit in a torn digital health sector, which has He was winding From pandemia Coid-19.
IPO could happen as early as April, but the time deadlines can still be changed because of the uncertainty about the tariff, according to a person familiar with the issue. Health joints, which contracts with employers, generated $ 390 million in revenue in the year 2024, had $ 45 million in free cash flow and hit a gross margin of about 78%, said that person.
Startup in San Francisco has collected more than $ 1 billion from investors such as Tiger Global and Catee Management. The health of the joints had a a Evaluation of $ 6.2 billion Since October 2021. Physical therapy is estimated at around $ 70 billion until the end of the decade.
A spokesman for the health of the joints refused to comment.
Executive director of Hinge Health Daniel Perez and Executive President Gabriel Mecklenburg confronted the company in 2014 after being frustrated with their own experience with physical rehabilitation, the company website said.
Hinge Health members can access the therapy of virtual exercises and an electric nerve stimulation device called Enso, which is designed to serve as an alternative to painkillers like opiates. The company has used generative artificial intelligence to exchange its care team in recent years.
The company is directly competing with other digital health startups such as the health of the sword, but the health of the joints is about four times higher than the cabinet competitor, said the person.
Investors will carefully observe whether IPO Hinge Health serves as a positive bell for that sector.
Bloomberg reported IPO plans for health earlier on Friday.
WATCH: The market is in a good environment for hedge funds, says Citi’s Mithra Warier
