Latest news with #musculoskeletal
Associated Press
7 days ago
- Business
- Associated Press
New Joint and Spine Clinic to Open on Lutheran Home Campus in Arlington Heights
ARLINGTON HEIGHTS, Ill., May 28, 2025 (SEND2PRESS NEWSWIRE) — Lutheran Home announced the opening of a new Joint and Spine Clinic on its campus, adding to the full spectrum of care and services conveniently offered. The clinic opens in June and provides innovative and interventional treatments for musculoskeletal pain. This first-of-its-kind clinic within a senior living community will offer both evaluations and treatments, eliminating the need for hospital visits for many procedures. Led by esteemed physicians Dr. Sajjad Murtaza and Dr. Akash Jindal, the clinic will serve the residents of Lutheran Home as well as the broader Arlington Heights community. Dr. Murtaza, a double board-certified specialist in sports medicine and interventional pain, has a long-standing presence in the northwest Chicago area and helped establish the Spine Center at Northwest Community Hospital. Lutheran Home's many services help residents with a full spectrum of care and services, including its MyRehab, which offers outpatient and short-term rehabilitation therapy. The new Joint and Spine clinic will work cooperatively with MyRehab, providing treatments in a light-filled environment that features private suites, a state-of-the-art therapy gym, atrium spaces, spacious living rooms and bistro-style dining. 'This clinic is designed to optimize therapy and work closely with the MyRehab physical therapy suite to provide customized, post-treatment plans,' said Dr. Murtaza. 'We want to educate the community on pain management options and introduce them to treatments that can significantly improve their quality of life.' The Joint and Spine Clinic will focus on identifying pain generators and addressing the root causes of pain through non-surgical, interventional medicine. The clinic will not offer opioids or chiropractic care but will instead provide advanced procedures such as diagnostic injections, EMG imaging and therapeutic interventions for spine and joint conditions. While imaging such as MRIs will be conducted at local hospitals, many treatments, including injections, will be available on-site. 'This new clinic is a perfect addition to our campus, offering residents and community members convenient access to outstanding doctors and cutting-edge treatments,' said Jennifer Darnell, VP of Sales & Marketing at Lutheran Life Communities. 'We are happy to offer these innovative treatments to enhance the health and wellness of our residents, and having these services available on-site means they can conveniently receive expert care.' SERVICES OFFERED AT THE JOINT AND SPINE CLINIC: Currently, 40% of patients at Dr. Murtaza's other clinics are seniors who receive physical medicine and rehabilitation. With a majority of residents at Lutheran Home experiencing at least one spine or joint issue, this clinic aims to meet a significant need. By bringing treatment directly to the Lutheran Home campus, residents and community members will benefit from a local, convenient resource. 'We have found that most patients are not even aware or have never been educated on what treatments are available for their joint and spine pain and the great outcomes they can have,' said Dr. Murtaza. 'We are looking forward to offering relief to Lutheran Home residents and to the community.' The clinic will begin with limited hours, and accepts most private insurance plans and Medicare. Patients will also have access to convenient communication methods, including text-based appointment updates and a secure HIPAA-compliant system for submitting insurance information. Appointments at the Joint and Spine Clinic can be made by calling 312-757-4647 or visiting our website at On June 10, Dr. Murtaza will lead a presentation at Lutheran Home to explain how the Spine and Joint's pain management physiatrists use evidence-based approaches to managing pain, enhancing mobility and improving your quality of life—all without the risks associated with narcotic medications. To RSVP and learn more, visit: ABOUT METROPOLITAN INSTITUTE OF PAIN Metropolitan Institute of Pain employs a fully integrated approach to your healthcare to ensure the precise evaluation, diagnosis and treatment of the cause of your pain. Our expert team of Board-Certified Physical Medicine & Rehabilitation and Interventional Pain Management Specialists will take the necessary time to effectively diagnose and explain the nonsurgical treatments available to you. ABOUT LUTHERAN HOME Lutheran Home is part of Lutheran Life Communities, a faith-based 501(c)(3) not-for-profit organization founded over 130 years ago that supports Arlington Heights with a full spectrum of care and services. Recognized on Newsweek's America's Best Nursing Homes 2025 list, they offer assisted living, memory care, skilled nursing, an adult day club, inpatient and outpatient rehab, home care services, move management services and Shepherd's Flock Child Care and Preschool and Jenny's Bistro, which is open to the public and serves gourmet food and beverages. Lutheran Home invests in a full, robust continuum of care that can address early dementia and mild cognitive impairment with stage-form care, supportive services and residential solutions like MyTapestry memory support. The memory support programming extends through end of life with care provided by a care team trained in dementia. It's Grace-Filled living. NEWS SOURCE: Lutheran Life Communities Keywords: Illinois Business, Senior Living, Lutheran Home, Lutheran Life Communities, spinal center, Metropolitan Institute of Pain, ARLINGTON HEIGHTS, Ill. This press release was issued on behalf of the news source (Lutheran Life Communities) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126513 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Yahoo
24-05-2025
- Business
- Yahoo
Why Hinge Health, Inc. (HNGE) Soared Today
We recently published a list of . In this article, we are going to take a look at where Hinge Health, Inc. (NYSE:HNGE) stands against other stocks that soared today. Hinge Health soared by 17.38 percent on its first day as a publicly-listed company, a reflection of strong investor confidence. During the intra-day trading, Hinge Health, Inc. (NYSE:HNGE) opened at $39.25, reached as high as $40.26 or a 25.8-percent upside from its initial public offering (IPO) price of $32, before traders took early profits to pull its stock price slightly lower towards the end. Following the IPO, Hinge Health, Inc. (NYSE:HNGE) successfully raised $273 million from the sale of 8.52 million shares out of the aggregate 13 million shares. A patient undergoing psilocybin therapy in a modern clinic, showing the cutting-edge mental health treatment. According to the company, proceeds from the offer will be used to satisfy tax withholding and remittance obligations related to the net issuance of its Class A and B common shares, in connection with the vesting and settlement of certain restricted stock units and performance-based restricted stock units. Founded in 2014, Hinge Health, Inc. (NYSE:HNGE) is a digital physical therapy startup based in San Francisco, California, which aims to help patients treat acute musculoskeletal injuries, chronic pain, and carry out post-surgery rehabilitation from anywhere. Overall, HNGE ranks 8th on our list of stocks that soared today. While we acknowledge the potential of HNGE, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HNGE and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Hinge Health (HNGE) Jumps 19% in Debut After $437 Million IPO
Hinge Health (HNGE, Financials) just pulled off something rare in this IPO market: an actual win. On its first day as a public company, it spiked nearly 20%. That's not just a good signit's a pulse check for tech IPOs. Warning! GuruFocus has detected 2 Warning Signs with BAH. Let's be real: tech IPOs lately have been more meh than money. But Hinge came through. The stock hit the NYSE with a $32 price tag and immediately sprinted. By the close? $37.56. Investors are clearly buying the storyand the numbers. This isn't a company selling vibes. It's selling results. First quarter revenue jumped 50% to $123.8 million. It also flipped from a loss last year to $17.1 million in profit. In this market? That's rare air. What do they do? Hinge basically replaces your physical therapist with your phone. They've built a digital platform for musculoskeletal careinjury recovery, chronic pain, post-op rehabwithout stepping foot in a clinic. Founded in 2014 by two guys who went through brutal rehab themselves, Hinge now works with over 2,250 employers and half a million-plus members. That includes nearly half the Fortune 100. Safe to say, they've scaled. And investors? They're the usual A-list suspects: Tiger Global, Insight Partners, Coatue. Everyone's here. Including the co-founders, who now have stakes worth hundreds of millions. Not bad for a startup born from back pain. The takeaway? This wasn't just a good debut. It was the kind of debut that could re-open the IPO window for digital healthand give tech some much-needed momentum. This article first appeared on GuruFocus.
Yahoo
23-05-2025
- Business
- Yahoo
Hinge Health IPO surges 23% on debut
-- Today's IPO for healthcare service company Hinge Health Inc (NYSE:HNGE) opened for trading at $39.25 per share after pricing 13,666,000 shares of common stock at $32 per share, the top end of the expected $28-$32 range. The company is selling 8,522,528 shares in the offering and certain selling stockholders are selling the other 5,143,472 shares. Hinge Health and the selling shareholders raised $437 million in the offering. The company is valued at approximately $3.2 billion based on the opening price. The offering was led by Morgan Stanley, Barclays, and BofA Securities. The underwriters will have the option to purchase up to an additional 2,049,900 shares. Hinge Health is a digital health company transforming musculoskeletal (MSK) care by leveraging AI-powered technology to deliver scalable, personalized, and cost-effective treatment for joint and muscle conditions. Its platform integrates motion tracking, a proprietary FDA-cleared nerve stimulation device, and an AI-supported care team to automate and enhance care delivery across a wide MSK spectrum—from prevention and chronic pain management to post-surgical recovery. By reducing human care hours by an estimated 95% while maintaining high member satisfaction, Hinge Health addresses the inefficiencies of traditional physical therapy and challenges in healthcare reimbursement through innovative billing models and broad accessibility. Serving over 20 million contracted lives, including nearly half of Fortune 100 companies, Hinge Health offers a seamless, on-demand digital experience that empowers members to engage in therapy anytime, anywhere. Hinge Health has demonstrated strong and efficient growth through a scalable, partner-driven go-to-market model that supports recurring revenue and high client retention. With a direct sales force and strategic partnerships—including all five of the largest national health plans and top pharmacy benefit managers—Hinge Health typically becomes the exclusive digital MSK care provider for its clients, most of whom sign three-year contracts. This approach has led to a 117% net dollar retention rate and a 98% client retention rate as of the end of 2024, alongside a high client Net Promoter Score of 87. The company has expanded its member base to over 532,000 and client base to more than 2,250 by the end of 2024, achieving $390.4 million in revenue for the year, a 33% year-over-year increase. With gross margins rising to 77% in 2024 and 81% in Q1 2025, and a turnaround from negative to positive free cash flow, Hinge Health is showing improved financial health. Despite a cumulative deficit of over $500 million, the company posted a net profit in Q1 2025, indicating momentum toward sustained profitability. Related articles Hinge Health IPO surges 23% on debut TSX finishes slightly higher after index inches back from record high Xerox shares plunges after slashing dividend ahead of Lexmark deal Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Hinge Health goes public in positive signal for digital health IPOs
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Hinge Health hit the public markets on Thursday, raising $437.3 million alongside its selling shareholders in an IPO that could serve as a key indicator for other digital health firms looking to go public. The digital musculoskeletal care company opened on the New York Stock Exchange at $39.25 per share Thursday, rising 23% above its public offering price of $32 per share. Few digital health companies have gone public in recent years, but a successful IPO could be significant for the industry, experts say. 'As long as [the share price] stays flat, I think it's a win for the sector,' Aaron DeGagne, senior analyst for healthcare at PitchBook, told Healthcare Dive. 'I think at this point any listing is a win.' Founded in 2014, Hinge offers digital musculoskeletal care and physical therapy, including through an artificial intelligence-backed movement sensor and a wearable device that provides electrical nerve stimulation. The company, which has previously raised hundreds of millions in venture capital funding, filed to go public in March. Hinge's IPO price was at the top of the expected range it released earlier this month. One boost for Hinge was the company's recent move toward profitability, DeGagne said. The company reported a net income of $17.1 million in the three months ended March 31, compared with a loss of $26.5 million the prior-year period, according to a securities filing. 'I think public market investors got burned with pretty much all digital health companies that went public in the boom times of 2020, 2021,' DeGagne said. 'So profitability was a huge item to have here.' A number of firms publicly exited in 2021 amid record-breaking levels of venture capital investment in digital health. But IPOs soon slowed to a crawl, and many companies failed to perform on the public markets. However, more digital health companies could be poised to move toward an IPO, especially if other offerings are successful, experts say. Another digital health firm, chronic condition management company Omada Health, filed to go public earlier this month. Other companies that could be inching toward an IPO include Hinge competitor Sword Health, mental health firm Spring Health and women's and family health company Maven, according to DeGagne. Broader market conditions will also make an impact too. For example, companies like Klarna and StubHub delayed their IPOs last month after President Donald Trump's tariff plan caused turmoil on the markets. 'If shares start to climb significantly, I think that tilts things more towards potentially more listings,' DeGagne said. 'But I think that it's more related probably to overall market conditions than share price performance of one company.' Recommended Reading Virtual physical therapy company Hinge Health files for IPO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
