Nava Health MD, LLC

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Business:

(Note: Nava Healkth MD, LLC withdrew its IPO plans in an SEC filing dated March 24, 2023. The S-1 was filed on Oct. 27, 2022.)

Nava is a tech-enabled healthcare practice combining traditional, functional, holistic and regenerative medicine. (Incorporated in Delaware)  

We deliver our health services through four physical locations in the Baltimore/Washington Metro region. We plan to open up to eight additional locations by the end of 2023, subject to market conditions and anticipated demand for our services. We also provide telehealth services via mobile devices, video or phone in Alabama, Arizona, Colorado, Delaware, Illinois, Maryland, Michigan, Minnesota, New York, Pennsylvania, Tennessee, Texas, Vermont, Virginia, and Washington, D.C.

Practitioners at Nava Medical include, but are not limited to board certified physicians, nurse practitioners/ physician assistants, certified aesthetics nurses, acupuncturists, massage therapists, board certified nutritionists, medical assistants, medical technicians, and certified life coaches.

Nava specializes in bio-identical hormone optimization, medically supervised weight loss programs, Platelet Rich Plasma (PRP) procedures, digestive health programs, advanced diagnostic testing, IV micro-nutrient therapy, hyperbaric oxygen therapy, light therapy, intelligent bioenergetics therapy, B-12 injections, Botox injections, dermal fillers, body sculpting and a full line of premium-grade nutraceuticals, supplements and skin health/ aesthetic products. Nava Medical also has a fully equipped in-office clinical laboratory that provides diagnostic testing for Nava’s clients, conveniently increasing the speed of research and results. Lab tests include, but are not limited to, chemistry, hematology, immunoassay, genetic, allergy, food sensitivity and other blood and urine panels. 

Our innovative medical practice uses our proprietary software and a data-driven personalized approach to optimize health and increase longevity. We provide each client with an individualized wellness roadmap tailored to their specific symptoms, medical needs and personal goals, which we refer to as their “Custom Vitality Plan” or “CVP.” 

**Note: Revenue and net loss figures are for the 12 months that ended Sept. 30, 2022.

(Note: Nava Health MD, LLC set the assumed IPO price at $6.00 – the mid-point of its previous price range of $5.00 to $7.00 – and kept the IPO’s size at 1.35 million shares (1,350,000 shares) – to raise $8.1 million, in an S-1/A filing dated Feb. 7, 2023. The company also registered an additional 1.38 million shares (1,381,938 shares) of common stock held by selling stockholders. The selling stockholders’ shares will not be sold until after the IPO, the prospectus says. The IPO’s original terms – disclosed on Oct. 27, 2022, in its S-1 filing – were 2.0 million shares at $5.00 to $7.00 to raise $12.0 million. The alternative medicine company submitted confidential IPO documents on Sept. 13, 2022.)

(Background: The IPO’s terms have changed numerous times since the S-1 filing on Oct. 27, 2022. Please click on “View Prospectus” in this IPO Profile and the hyperlink will take you to the company’s SEC filings.)
Industry: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE
Employees: 90
Founded: 2013
Contact Information
Address 9755 Patuxent Woods Drive Suite 100 Columbia, MD 21046
Phone Number (410) 910-6156
Web Address http://www.navacenter.com/
View Prospectus: Nava Health MD, LLC
Financial Information
Market Cap $77.0mil
Revenues $11.22 mil (last 12 months)
Net Income $-0.31 mil (last 12 months)
IPO Profile
Symbol NAVA
Exchange NASDAQ
Shares (millions): 1.4
Price range $6.00 - $6.00
Est. $ Volume $8.1 mil
Manager / Joint Managers WestPark Capital
CO-Managers
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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