IPOs aplenty as an industry comes of age
Last week, Amwell’s $742 million IPO and Outset Medical’s $278 million IPO joined Accolade, GoHealth, and Schrodinger on the list of 2020 digital health public offerings. IPOs on the docket for the coming months include GoodRx and MDLive (in addition to tech-enabled health plan Oscar, which just announced its own plan to go public). It’s a stark contrast to the IPO cadence between 2012 and 2016, which saw 14 digital health companies go public. If things proceed as planned, we’re potentially looking at 13 digital health IPOs across roughly two years alone—a sign of an industry coming of age.
Meanwhile, in the world of wearables, the Apple Watch 6 debuted last week with a feature that measures the wearer’s blood oxygen saturation—plus three clinical studies to validate the feature, including one in collaboration with insurer Anthem. Apple has also embarked on a new partnership with the government of Singapore, which seeks to incentivize citizens’ healthy behaviors.
To learn more about the future of healthcare and connect with the digital health community, don’t miss this year’s Rock Health Summit. The fun begins tomorrow, Tuesday, September 22nd! Register by Monday night here.
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