Digital physical therapy startup Hinge Health, with a $6.2 billion valuation, is preparing to file for an IPO as early as April, aiming to capitalize on the $70 billion physical therapy market. Founded in 2014 by CEO Daniel Perez and Executive Chairman Gabriel Mecklenburg, Hinge Health offers virtual exercise therapy and an electrical nerve stimulation device to help patients recover from musculoskeletal injuries. With $1 billion raised from investors like Tiger Global and Coatue Management, Hinge Health’s IPO could signal a positive shift for the digital health sector, which has been struggling post-pandemic.
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Myanmar earthquake kills over 1,600 and leaves countless buried
A massive earthquake in Myanmar's second-largest city of Mandalay has left over 1,600 people dead and countless others buried under rubble, with volunteers working by hand to search for survivors amidst decaying bodies. Relief efforts are hindered by damaged infrastructure, a civil war, and extreme heat, with locals clearing rubble without heavy equipment. The quake also affected Thailand, causing 17 deaths and a collapsed building in Bangkok, with rescue efforts ongoing as many remain missing....
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