Tech Startups in Healthcare: Hinge Health's Strategic Move

Thursday, 26 September 2024, 12:02

Tech startups like Hinge Health are reshaping healthcare. Hinge Health has hired Morgan Stanley to lead its upcoming IPO as it prepares to confidentially file its S-1, aiming for early 2025. The virtual physical therapy company, valued at $6.2 billion, has made significant financial adjustments and is showcasing its readiness for the public market.
Businessinsider
Tech Startups in Healthcare: Hinge Health's Strategic Move

Hinge Health's IPO Strategy

Healthcare tech startup Hinge Health has enlisted Morgan Stanley to spearhead its initial public offering (IPO) process. The company, known for offering virtual physical therapy services for joint and muscle pain, is set to confidentially file its S-1 with the SEC in the coming weeks, with ambitions to go public in early 2025.

Market Movements and Financial Adjustments

Recently, the startup underwent strategic financial restructuring, including a 10% workforce reduction, ultimately achieving cash flow positivity.

  • Hinge Health was previously valued at $6.2 billion following a substantial Series E funding round.
  • The company is positioning itself against competitors such as Sword Health, which holds a valuation of $3 billion.

Investors have been cautiously monitoring the IPO landscape for tech companies, with Hinge Health at the forefront of this sector's evolution.


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