Reuters March 9, 2021
David French

Health IQ is weighing strategic options, including a merger with a blank-check acquisition firm that could take the digital health insurance provider public at a valuation of more than $1.5 billion, people familiar with the matter said.

Health IQ is currently working with an investment bank that has reached out to a small number of parties, including so-called special purpose acquisition companies (SPACs), to solicit their interest in a deal, three sources said.

The sources cautioned a deal was not certain and spoke on condition of anonymity because the matter is confidential. Health IQ did not respond to a request for comment.

Insurance technology, or ‘insuretech’, companies have been growing in popularity during the COVID-19 pandemic, as consumers seek...

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