Hinge Health is preparing for an initial public offering once market conditions become favorable. CEO Daniel Perez said Hinge Health projects it will hit a cash flow break-even in 2024. The digital musculoskeletal therapy startup is now looking for smaller companies to acquire. After Hinge Health raised $300 million in Series D funding in January 2021, CEO Daniel Perez told Reuters that the startup hoped to go public in 2022. That was before interest rates soared and the economy slumped and closed the IPO window for healthcare startups that planned to make their public-market debuts.

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Persons: Daniel Perez, Perez Organizations: Reuters Locations: Las Vegas