Key points from article :
Hinge Health, a company specializing in digital physical therapy, has filed for an initial public offering (IPO), signaling a potential revival of the digital health IPO market.
The firm significantly reduced its losses in 2024, reporting a net loss of $11.9 million (£9.3 million) compared to $108.1 million (£84.7 million) in 2023, alongside a 33% increase in revenue to $390.4 million (£304.6 million).
Hinge Health provides musculoskeletal care through AI-backed movement sensors and wearable devices that stimulate nerves, primarily serving self-insured employers but expanding into fully insured health plans and Medicare Advantage. At the end of 2024, the company had 2,250 clients and over 532,000 members, emphasizing the vast demand for physical therapy, with an estimated $70 billion (£54.6 billion) annual market in the U.S.
The company has not yet disclosed the IPO price range or the number of shares but will list on the New York Stock Exchange under the ticker symbol HNGE. Digital health IPOs have been slow in recent years, but experts believe the market may improve in 2025 if early public offerings perform well.
