Nelson Advisors featured in Forbes: 'The VC Math Ain’t Mathin’: This Health Investor Has a Fresh Playbook

Nelson Advisors featured in Forbes: 'The VC Math Ain’t Mathin’: This Health Investor Has a Fresh Playbook.

Liquidity has been equally uneven. After a brief opening in 2025, when companies including Hinge Health and Omada Health reached the public markets, digital health has not completed a single IPO during the first half of 2026. The market did however record 115 acquisitions during the first half of the year, including 71 in the second quarter, the busiest quarter for sector M&A since 2021.

The reality is, digital health startups are more likely to get acquired, according to Rock Health.

As a result, a growing group of mature, venture-backed companies now sit in the messy middle: too large for many prospective acquirers but still waiting for public markets to provide a viable exit. Nelson Advisors has called the accumulation of late-stage private companies an “exit backlog paradox.”

Source: https://www.forbes.com/sites/shimiteobialo/2026/07/24/the-vc-math-aint-mathin-this-health-investor-has-a-fresh-playbook/