Digital Health Companies Struggle in Post-Pandemic Market

It's been nearly five years since the coronavirus broke out in the U.S., but digital health companies are still reeling from the aftermath. According to a CNBC analysis of 39 public digital health companies, around two-thirds have lost value this year, while the Nasdaq is up 32%. 'The pandemic was a huge pull forward in demand, and we're facing those tough, challenging comps,' said Scott Schoenhaus, an analyst at KeyBanc Capital Markets.

In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech providers largely suffered. Of 39 public digital health companies analyzed by CNBC, roughly two-thirds are down for the year. Others are now out of business. While there were some company-specific challenges in the industry, overall it was a'year of inflection,' according to Scott Schoenhaus, an analyst at KeyBanc Capital Markets covering health-care IT companies. Business models that appeared poised to break out during the pandemic haven't all worked as planned, and companies have had to refocus on profitability and a more muted growth environment. 'The pandemic was a huge pull forward in demand, and we're facing those tough, challenging comps,' Schoenhaus told CNBC in an interview. 'Growth clearly slowed for most of my names, and I think employers, payers, providers and even pharma are more selective and more discerning on digital health companies that they partnered with.'. Almost two dozen digital health companies went public through an initial public offering or special purpose acquisition company, or SPAC, that year, up from the previous record of eight in 2020. Money was pouring into themes that played into remote work and remote health as investors looked for growth with interest rates stuck near zer

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Digital Health Companies Struggle After Pandemic BoomTwo-thirds of public digital health companies have lost value this year as the industry faces a post-pandemic slowdown.
Fuente: NBCDFW - 🏆 288. / 63 Leer más »

Polluted communities hold their breath as companies struggle with California’s diesel truck banCalifornia has an aggressive mandate for zero-emission trucks. But companies face big obstacles and people are still breathing dangerous exhaust.
Fuente: CalMatters - 🏆 261. / 63 Leer más »

Polluted communities hold their breath as companies struggle with California’s diesel truck banStanding in his front yard in Wilmington, Jose Ulloa can’t get a sentence out without coughing. Heavy-duty trucks, headed to and from the Port of Los Angeles, pass in front of his home all day, their engines roaring and their exhaust spewing into the air.
Fuente: AP - 🏆 728. / 51 Leer más »

Polluted communities hold their breath as companies struggle with California’s diesel truck banCalifornia has an aggressive mandate for zero-emission trucks, which are powered by electricity or hydrogen. But trucking companies face big obstacles — and people are still breathing dangerous diesel exhaust.
Fuente: LAist - 🏆 606. / 51 Leer más »