The Truemotion feature of Hinge Health.
Gracieuse: Hole health
The Hinge Health digital physiotherapy startup is preparing to submit a first public offer, potentially next week, CNBC learned.
Hinge Health helps patients with musculoskeletal injuries ranging from minor sprains to chronic pain to recover from the comfort of their own house. Its IPO was a long -awaited outing in the beaten digital health sector, which has shocked Since the consequences of the Pandemic COVID-19.
The IPO could occur in April, but deadlines could still change due to uncertainty around prices, according to a person familiar with the issue. Hinge Health, who contracts with employers, generated $ 390 million in revenues in 2024, had $ 45 million in available cash flows and reached gross margins of around 78%, the person said.
The San Francisco startup has raised more than a billion dollars in investors like Tiger Global and Coatue Management. The health of the hinge had a $ 6.2 billion in evaluation In October 2021. Physiotherapy was estimated at a market of around $ 70 billion by the end of the decade.
A spokesperson for Hinge Health refused to comment.
The CEO of Hinge Health, Daniel Perez, and the executive president Gabriel Mecklenburg co -founded the company in 2014 after being frustrated by their own physical rehabilitation experiences, according to the company’s website.
Hinge Health members can access virtual exercise therapy and an electrical nerve stimulation device called ENSO designed to serve as an alternative to pain drugs like opiates. The company has used generative artificial intelligence to develop its care team in recent years.
The company competes directly with other digital health startups such as Sword Health, but Hinge Health is about four times larger than the closet competitor, said the person.
Investors will monitor closely to see if the drop in the IPO of Hinge Health serves as a positive ringtone for the sector.
Bloomberg reported Close Health’s Introduction Plans earlier.
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