Livongo shares surge in market debut as digital health space heats up

Health Catalyst, another health-tech player, also debuted and performed well.

In 2018, digital health companies raised more than $8.1 billion in venture capital financing, according to Rock Health.shares surged as much as 62% in their stock market debut on Thursday, the latest sign that public investors are buying into the digital health trend. The company provides diabetes services to large employers, a space that's attracting big dollars in the quest to ultimately provide better coverage and bring down costs. The IPO has been touted by the industry as a potential benchmark for other start-ups that sell disease management services to large companies and health systems., a distributor of data analysis tools to hospitals, which also hit the market on Thursday and gained as much as 56%.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two Health-Tech Companies Join Parade of IPOsLivongo and Health Catalyst, two rare health-technology firms joining the march of billion-dollar companies into the public markets, will make their trading debuts Thursday. why heath care so expensive go back to non profit
Source: WSJ - 🏆 98. / 63 Read more »