Digital orthopedics company secures $600M investment

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San Francisco-based Hinge Health, a digital musculoskeletal clinic, secured $400 million in its latest fundraising round, the company said Oct. 28.

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. 

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