SPAC Mergers with 2 Telehealth Companies to Form Public Digital Health Company in $1.35B Deal

HIT Consultant November 23, 2020
Fred Pennic

What You Should Know:

– GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a public digital healthcare company valued at $1.35 billion, including debt, the blankcheck acquisition company said on Monday.

– The combined company will be named UpHealth, Inc. and will continue to be listed on the NYSE under the new ticker symbol “UPH”.

Blank check acquisition company GigCapital2 agreed to merge with Cloudbreak Health, LLC, a unified telemedicine and video medical interpretation solutions provider and UpHealth Holdings, Inc., one of the largest national and international digital healthcare providers to form a combined digital health company. The deal is valued at $1.35 billion, including debt. the combined company will be named...

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