- Lloyd Price
Strong vitals: HealthTech IPO candidates expect tailwinds
Nelson Advisors Partner and HealthTech M&A Advisor Lloyd Price sharing his thoughts on the Healthcare Technology IPO market - candidates, timings and sub sectors to watch, with the team at MergerMarket
ECM Explorer North America – Strong vitals: HealthTech IPO candidates expect tailwinds
'Lloyd Price, a partner at Nelson Advisors who specializes in healthcare, referred to a “corrective IPO market” and said listing candidates in the health tech and digital health sectors should boast, at least, USD 100M EBITDA.
This is an increase on the previously acceptable USD 60m to USD 70m EBITDA to list on either Nasdaq or NYSE, he said.
He concurred that strong candidates for IPOs in healthcare technology need long-term provider contracts which cannot be easily replaced, making both predictable revenue streams as well as being able to address value-based care models.
Price mentioned, among possible IPO candidates, Kaia Health, Sword Health and Hinge Health, all of which operate in a massive addressable market and have developed new care delivery platforms with AI to predict better outcomes. They also benefit from the tailwinds of the musculoskeletal market post-pandemic and a shift to working-from-home.
Other potential candidates Price mentioned include Aledade, a primary care platform for clinical decision support, and Omada Health, which is tapping into the chronic disease management market with both online and offline support channels.
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