Home Health Care News September 29, 2022
After hunting for an aging-in-place business to take public for a year, DTRT Health Acquisition Corp. (Nasdaq: DTRT) has found its match.
DTRT Health — a special purpose acquisition company (SPAC) — announced Thursday that it will merge with Consumer Direct Holdings (CDH), a self-directed in-home personal care network.
Once the merger is complete, the Missoula, Montana-based Consumer Direct Holdings will become a public company.
Following the merger, CDH is expected to be valued at $681 million. The company will be funded from DTRT cash in trust and up to $150 million in debt financing.
Self-directed care is an emerging option for home-based care consumers, DTRT CEO Mark Heaney told Home Health Care News. The merger allows CDH to expand...
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