From Yahoo Finance: 2025-05-22 13:16:00

Hinge Health, a digital health platform, debuted on the NYSE at $32 per share, rising to $39. The company aimed for a $3 billion valuation, offering 13.7 million shares. Hinge’s IPO raised about $500 million, signaling a potential revival in the healthcare IPO market after a dry spell.

Hinge Health transformed from a UK-based digital technology platform to a remote physical therapy service. It serves almost half of Fortune 500 companies, offering employees zero-cost access to the platform. The company believes it is only serving 5% of its potential market and is expanding into fully-insured and Medicare Advantage plans.

Hinge Health’s total addressable market is 40% of U.S. adults who may otherwise choose surgeries or tolerate a poorer quality of life. The company had approximately 20 million contracted lives across 2,250 clients as of December 31, 2024. Hinge Health is expanding to serve health plans’ fully-insured and Medicare Advantage populations.

Anjalee Khemlani, senior health reporter at Yahoo Finance, covers pharma, insurance, care services, digital health, PBMs, and health policy. Follow Anjalee on social media platforms for more insights. For the latest financial news and business updates, visit Yahoo Finance.



Read more at Yahoo Finance: Hinge Health IPOs at $32 per share, a sign that interest in digital health may be back