digital health exits
The deal has brought the consumer telehealth and wellness company approximately $280 million in proceeds that it will use to grow and invest in new product categories.
The company closed its first day roughly 36% above its initial pricing of $28.
The digital health mainstay closed its first day of trading roughly 40% above its set price, and looks forward to scaling its business as a public entity.
The digital alcohol abuse support service, which was founded in 2016, raised $6.4 million and had recently announced a collaboration with Cigna.