Healthcare IPOs of 2024: A Transformative Year for the Industry

Healthcare IPOs of 2024: A Transformative Year for the Industry

Logos courtesy of BrightSpring Health Services, Inc., American Healthcare REIT, Inc., Auna S.A., Mobile-health Network Solutions, PACS Group, Inc., KindlyMD, Inc., Waystar Holding Corp., Perceptive Capital Solutions Corp and Tempus AI, Inc.

The healthcare industry has witnessed a surge of initial public offerings (IPOs) in 2024, signaling a dynamic shift toward innovation and expansion. These healthcare IPOs are reshaping the market landscape, bringing fresh capital and new solutions to the forefront. 

This year has been particularly notable for the range and impact of companies going public, from technology-driven startups to established service providers. Let’s delve into the most significant healthcare IPOs of 2024 and explore how each company contributes to the industry.

1. BrightSpring Health Services, Inc.

Founded in 1974 and headquartered in Louisville, Kentucky, BrightSpring Health Services went public in January 2024. The company offers a wide array of home and community-based health services. Its comprehensive care solutions include home health, hospice, neurorehabilitation and behavioral health services. BrightSpring aims to improve patient outcomes through personalized care plans and innovative service delivery models.

Related: Biotech IPOs in 2024: Navigating the New Wave of Innovation

2. American Healthcare REIT, Inc.

Based in Irvine, California, and founded in 2016, American Healthcare REIT completed its IPO in February 2024. The company invests in a diverse portfolio of healthcare properties, including hospitals, medical office buildings and senior living facilities. Its strategic investments support the infrastructure of healthcare delivery, providing essential facilities for patient care across the US.

3. Auna S.A.

Founded in 2013 and headquartered in Lima, Peru, Auna S.A. went public in March 2024. Auna offers integrated healthcare services, including hospitals, clinics and insurance. It focuses on providing comprehensive care in Latin America, aiming to improve access to quality healthcare. Auna’s IPO supports its expansion plans and enhances their ability to serve a growing patient population.

4. Mobile-health Network Solutions 

Based in San Francisco, California, and founded in 2018, Mobile-health Network Solutions closed its IPO in April 2024. The company develops mobile technology platforms to streamline healthcare delivery. Its solutions enhance patient engagement, improve care coordination and facilitate telehealth services. By going public, the company aims to expand its technological capabilities and reach more healthcare providers and patients.

5. PACS Group, Inc.

Founded in 2005 and headquartered in New York, New York, PACS Group went public in April 2024. PACS Group specializes in healthcare information systems, providing solutions for medical imaging and patient data management. Its innovative software improves diagnostic accuracy and workflow efficiency in medical facilities. The IPO allows PACS to invest in R&D and expand its product offerings.

6. KindlyMD, Inc.

Based in Seattle, Washington, and founded in 2017, KindlyMD completed its IPO at the end of May 2024. KindlyMD provides telemedicine services and digital health solutions. Its platform connects patients with healthcare providers, offering convenient and accessible medical consultations. The funds raised from the company’s IPO will help KindlyMD scale its operations and enhance its technological infrastructure.

7. Waystar Holding Corp.

Founded in 2017 and headquartered in Louisville, Kentucky, Waystar Holding Corp. went public in June 2024. Waystar develops technology solutions for healthcare payments, helping providers streamline billing and reimbursement processes. Its innovative platform reduces administrative burdens and improves financial outcomes for healthcare organizations. The IPO supports Waystar’s growth and development of new payment technologies.

8. Perceptive Capital Solutions Corp

Founded in 2019, Perceptive Capital Solutions is headquartered in Boston, Massachusetts, and completed its IPO in June 2024. The company provides financial solutions and investments in the healthcare sector. It focuses on supporting innovative healthcare companies with capital and strategic guidance. Perceptive Capital Solutions’ IPO enables it to increase its investment portfolio and support more groundbreaking healthcare initiatives.

9. Tempus AI, Inc.

Founded in 2015 and based in Chicago, Illinois, Temus AI went public in June 2024. Tempus AI leverages artificial intelligence (AI) to enhance precision medicine and data analytics. Its technology aids in diagnosing and treating diseases, improving patient outcomes through data-driven insights. The IPO funds will help Tempus AI further develop its AI capabilities and expand its market reach.

These 2024 healthcare IPOs reflect a robust and evolving industry driven by innovation and strategic growth. Each company brings unique solutions and expertise to the healthcare field, enhancing patient care and operational efficiency. As they navigate the public markets, these companies are poised to make significant contributions to the future of healthcare.

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