May 9, 10:20 PM

Omada Health Files for $100 Million IPO with $170 Million Revenue, 38% Growth, and Cigna Contract

Omada Health Inc., a virtual chronic care management platform, filed for an initial public offering (IPO) aiming to raise $100 million. The company reported 38% revenue growth in the previous year, reaching $170 million, with a gross margin of 60%. However, it also posted a net loss of $47.1 million for fiscal year 2024, partly due to a large customer concentration in its contract with Cigna. This IPO marks the second digital health company to go public this year, following Hinge Health, signaling a renewed wave of digital health IPOs after a post-pandemic lull. Omada Health provides virtual care services between doctor's visits and is seen as part of the next generation of digital health startups entering the public markets.

#Cigna #Hinge Health #Omada Health

Written with ChatGPT (GPT-4).

Sources

Entrepreneur@Entrepreneur
1 year ago
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Barbarian Capital@BarbarianCap
1 year ago
Virtual chronic care company Omada Health files for IPO https://t.co/f3sDJdB1FF
Ed Sim@edsim
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Time for some inspiration for those founders feeling a bit minunderstood, bleeding 🩸 F*^*ing early Alex Karp - we were a freak show - 20 years Jensen Huang - lonely where we were - 33 years Full post next https://t.co/jeKRpGK7J5

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