The $400 million is supplemented by a $200 million secondary investment stemming from two capital management companies, Alkeon and Whale Rock, acquiring ownership. Tiger Global and Coatue Management led the series E financing round.
“We’ll use this capital to continue investing in new ways to improve access and outcomes, create exceptional patient experiences, and avoid unnecessary surgeries,” Hinge Health CEO and co-founder Daniel Perez said.
Hinge Health partners with employers and health plans on digital care services for back and joint pain. More than $1 billion has been invested in the company, which is valued at $6.2 billion.
The company also onboarded former Amazon executive Lalith Vadlamannati as chief technology officer and former Google executive Vincent Lim as chief people officer.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
