Nava Health MD, which provides alternative and holistic medicine services in clinics and online., filed on Thursday with the SEC to raise up to $12 million in an initial public offering.
The Columbia, MD-based company plans to raise $12 million by offering 2 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Nava Health MD would command a market cap of $87 million.
Nava is a healthcare practice combining traditional, functional, holistic, and regenerative medicine. The company provides patients with an individualized wellness roadmap tailored to their specific symptoms, medical needs, and personal goals, developed using proprietary software owned and developed by Nava. Nava delivers health services through three physical locations in the Baltimore/Washington Metro region, and telehealth services there and in 15 states.
The Columbia, MD-based company was founded in 2014 and booked $9 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol NAVA. Nava Health MD filed confidentially on September 13, 2022. WestPark Capital is the sole bookrunner on the deal.
