Hinge Health filed for an initial public offering on Monday, according to CNBC. Hinge Health provides software for remote musculoskeletal treatment and rehabilitation and reported higher revenue and a reduced net loss last year.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02HinchHealth filed for initial public offering on Monday, according to CNBC.
00:06HinchHealth provides software for remote musculoskeletal treatment and rehabilitation
00:10and reported higher revenue in a reduced net loss last year.
00:13The digital health IPO market has been largely inactive, with no IPOs in 2023
00:18and only a few notable offerings last year amid slow post-pandemic growth.
00:22HinchHealth offers virtual exercise therapy and the Enso device,
00:26aiming to reduce pain, lower surgery needs, and decrease healthcare costs.
00:30San Francisco-based company has raised more than $1 billion from investors,
00:34including Tiger Global and Co2 Management,
00:37and it posted more than $6 million valuation as of October 2021.