Omada Health Smart Devices used.
Gracieuse: Omada Health
Omada Health Virtual Care Company laid For an IPO on Friday, the last digital health company This reported its intention to hit public markets despite a turbulent economy.
Founded in 2012, Omada offers virtual care programs to support patients with chronic conditions such as prediabetes, diabetes and hypertension. The company describes its approach as a “model of care between visits” which is complementary to the wider health care ecosystem, according to its prospectus.
Income increased 57% in the first quarter to $ 55 million, compared to $ 35.1 million in the same period last year, the deposit said. The company based in San Francisco generated $ 169.8 million in revenues in 2024, or 38% against 122.8 million dollars the previous year.
Omada’s net loss has narrowed to $ 9.4 million in its first quarter, compared to $ 19 million during the same period last year. He declared a net loss of $ 47.1 million in 2024, against a net loss of $ 67.5 million in 2023.
The stock market IPO has been largely sleeping in the technological sector for three years, and in digital health, it was almost completely dead. After President Donald Trump Announced a radical tariff policy that plunged American markets into unrest last month, taking an audience to an company is an even more risky business. Klarna online lender delayed Its long -awaited IPO, as is the Stubhub ticket market.
But Omada Health is not the first digital health company to deposit its debut on the public market this year. Virtual physical therapy startup Pivotal health filed his prospectus in Marchand provided a update With his profits from the first quarter on Monday, a signal to investors he seeks to move forward.
Omada contracts with employers, and the company said it worked with more than 2,000 customers and supports 679,000 members on March 31. More than 156 million Americans suffer from at least a chronic condition, there is therefore a significant market opportunity, according to the company’s file.
In 2022, Omada announced a $ 192 million financing round which pushed its evaluation over $ 1 billion. Us Venture Partners, Andreessen Horowitz and FMR LLC in Fidelity are the largest external shareholders in the company, each holding between 9% and 10% of the stock.
“To our potential shareholders, thank you for learning more about Omada. I invite you to join our trip,” said Omada co -founder and CEO, Sean Duffy, in the file. “Before us is a unique chance to create a promising and prosperous business while changing their life.”
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