Possession Enso Product.
Courtesy: Occupation Health
Digital Physical Therapy Services Provider, Hung Health, was filed on Monday, the latest sign that the IPO market is opening up.
The occupation uses software to help patients perform muscle injuries, chronic pain treatment and after -surgery after recovery. Accordingly, the company’s revenue increased by 33 % last year to $ 390 million ProspectsAnd its net loss for this year has increased from $ 108.1 million a year ago to $ 11.9 million.
The IPO market has been silent in the tech sector for the past three years, but it is almost completely silent within digital health, as companies are struggling to embrace the silent growth environment after Kovide 19 pandemic diseases. According to one, no digital health companies in 2023 organized IPOs Report From rock health, and last year were only notable presentations Wess starHealthcare Payment Software vendor, and Tempus AIMedicine Company, a Health Medicine.
“We have decades of work ahead,” said Daniel Perez, CEO of Hung Health, in Filling on Monday. “We hope you will join us in this journey.”
The company plans to trade under the “HANGE” symbol of the Tucker on the New York Stock Exchange.
According to the company’s website, Honj Health Chairman, Perez and Gabriel McLarenberg laid the foundation of the company in 2014 after experiencing personal struggle with physical rehabilitation.
Occupation Health Members can access virtual exercise therapy and electrical nerve stimulation device called ENSO. The company claims that its technology can help consumers improve their pain, reduce the need for surgery and reduce health care costs.
San Francisco -based company has collected more than $ 1 billion from investors, including Tiger Global and Koto Management, and has made a pride .2 6.2 Billion value According to filing, October 2021. The largest outdoor shareholders are venture firms of insights and atomico, which owns 19 % and 15 % of the stock respectively, according to filing.
The dual -class stock structure of the occupation of the Class B Common Stock gives every share of 15 votes. Almost all of Class B are owned by all shares and top investors.
Employees of more than 2,250 organizations, including Morgan Stanley, target and general motors, can access the occupation health offerings. The filing states that the company had more than 532,000 members till December 31, and more than 20 million people are eligible to enroll.
The occupation health refused to comment.
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