20+ Digital Health companies went public in 2021: Where are they now?

healthcare.digital June 22, 2024
Lloyd Price

Exec Summary:

The digital health IPO boom of 2021 saw a surge of companies entering the public market, but the landscape has shifted since then. Here’s a breakdown:

• Number of IPOs: While some sources estimated over 20 digital health IPOs in 2021, a more confirmed figure is around 12 via traditional IPOs and an additional 8 to 10 going public through SPAC mergers

• SPAC vs Traditional IPO: Interestingly, a significant portion (around 13) of these public debuts in 2021 leveraged Special Purpose Acquisition Companies (SPACs) as an alternative to traditional IPOs

• Market Performance: The success of these companies in the public market has been varied. The broader economic slowdown and...

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