All of the 5 digital health IPOs last year went public for valuations above $400M.
While deal activity into digital health continues to grow, exits saw a slowdown in 2015.
Despite this being the third year in a row to break 100 exit transactions (M&A and IPOs), 2015 saw a 18.6% year-over-year decrease in exit activity.
However, there were 5 companies that went public this year, equaling last year’s total number of IPOs. The offerings include Fitbit’s, which had a blockbuster $4.1B IPO after having raised only $66M.
The most active acquirer of private companies in the digital health space was TELUS Health, the health care software and services arm of Canadian telecom company TELUS. Most acquirers fall into either the EMR/patient-cycle-management or fitness sectors. No acquirers have had more than 10 private company acquisitions.
|2||Mediware Information Systems|
|6||Allscripts Healthcare Solutions|
|6||Marlin Equity Partners|
|6||Weight Watchers International|
The largest digital health exits this year were the 5 IPOs. While all of them went public for valuations above $400M, they were eclipsed by Fitbit, which went public at a valuation above $4B, marking the third $1B+ digital health exit since 2010, after Veeva Systems and Castlight Health. All 5 of the now-public companies tackle very different healthcare issues: with Fitbit in wearables, Teladoc working on telemedicine solutions, Evolent Health moving health systems towards value-based care systems, MINDBODY in booking and management software, and InVitae working in genetics testing.
|6||MyFitnessPal||Acquired (Under Armor)|
|7||Misfit Wearables||Acquired (Fossil)|
|8||HealthLine Systems||Acquired (HealthStream)|
|9||Endomondo||Acquired (Under Armor)|
|10||BAM Labs||Acquired (Select Comfort Corporation)|
Want more info on digital health companies? Check out our private market database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
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