Nava Health MD, which provides alternative and holistic medicine services in clinics and online, withdrew its plans for an initial public offering on Friday. It originally filed in October 2022 and most recently planned to raise $16 million by offering 2.7 million shares (51% secondary) at $6.
Nava is a healthcare practice combining traditional, functional, holistic, and regenerative medicine. The company delivers health services through four physical locations in the Baltimore/Washington Metro region, and provides telehealth services in various states.
The Columbia, MD-based company was founded in 2014 and booked $11 million in revenue for the 12 months ended September 30, 2022. It had planned to list on the Nasdaq under the symbol NAVA. WestPark Capital was set to be the sole bookrunner on the deal.
