The public offerings of two digital health companies this week will test the market’s attitude toward the sector following a three-year hiatus. Livongo Health Inc. and Health Catalyst Inc. are both set to begin trading on the Nasdaq this week, representing the only digital health companies to go public since iRhythm Technologies Inc.’s 2016 initial public offering. Although...
Digital health companies Livongo Health and Health Catalyst are set for initial public offerings (IPOs) in the US, marking the first firms in the sector to go public since 2016. Both offer algorithm-focused analytics to help insurers, employers and health systems reduce costs. Their market performances are seen by some as a demonstration of investor appetite for digital health outfits. The companies have increased the price ranges of their planned IPOs; Livongo raised its top-line expectation to $23 per share from $26 and Catalyst bumped its upper limit to $25 from $26.