Telehealth has played a significant role in initial public offering activity among healthcare companies in 2020, totaling nearly $30 billion in deals, according to a recent S&P Global Market Intelligence analysis.
Four report insights:
1. Healthcare IPO activity passed the $10 billion mark per quarter for the second time in a row this year after companies generated $13.44 billion in investments during the third quarter of 2020.
2. Telehealth companies Amwell and GoodRx dominated third-quarter IPO activity, raising about $853.3 million and $944.3 million, respectively.
3. In 2020, healthcare companies have raised about $29.45 billion from IPO activity, the most in the past five years.
4. The third quarter IPO deals were also the most for any single quarter of 2020.