Rock Health October 7, 2024
In Q3 2024, the digital health sector continued on its track of small but mighty, with disciplined investment and strategic activity as the name of the game. While deal count dropped compared to prior quarters, average check size held steady, suggesting that funders are making calculated bets on fewer companies. Companies are launching new products and partnerships to improve consumer experiences. Retail and tech brands continue to roll out health programs and features on blockbuster products. Some digital health players are carefully planning IPOs, while those that aren’t faring well on the public markets are recalibrating through take-privates. Meanwhile, other companies are using strategic acquisitions to expand their product offerings—a trend we’re watching closely and will dive into later...