Rock Health, a Silicon Valley equity capital fund and research study company, for the very first time launched a list of digital health start-ups that are most likely to go public in the next 12 months.
To come up with the list, Rock Health took a look at previous digital health IPOs along with at ones that are prepared. The company discovered that business tended to IPO at an age of about 10 years, and after raising approximately $200 million. So Rock Health assembled a list of other venture-backed business in a comparable area.
5 digital health business just recently revealed strategies to go public: Livongo, Health Driver, Modification Health Care, Phreesia, and Peloton. Omitting Modification Health Care, which is a spinoff from McKesson, the other 4 business raised approximately $425 million from financiers.
The revealed IPOs end a multi-year stretch with no public offerings in the market.
“Now we’re seeing a group that is fully grown enough for financiers to take an interest in,” stated Costs Evans, the CEO and handling director of Rock Health. “The general public markets are starting to comprehend that these business are changing health care. They’re recognizing that there’s a great deal of worth to unlock.”
Rock Health reports $4.2 billion was bought digital health in the very first half of2019 That puts venture-capital financial investment in digital health on speed to surpass 2018’s overall of $8.2 billion.