All Updates

All Updates

icon
Filter
M&A
GigCapital2 to merge with two telehealth firms in USD 1.35 billion SPAC deal
Telehealth
Nov 23, 2020
This week:
Funding
Immatics raises USD 150 million in public funding
Precision Medicine
Yesterday
Funding
Immatics raises USD 150 million in public funding
Cell & Gene Therapy
Yesterday
Product updates
Asus launches servers with AMD EPYC 9005-series CPUs and MI325X accelerators to enhance product offering
Generative AI Infrastructure
Yesterday
Partnerships
A2Z signs agreement with Trixo for smart cart services in Mexico and Central America
Automated Stores
Yesterday
Product updates
Nikon releases additional powder feeder for metal additive manufacturing
Additive Manufacturing
Oct 10, 2024
Product updates
BigRep launches industrial filament dryer ‘DRYCON'
Additive Manufacturing
Oct 10, 2024
Industry news
Titomic joins DNV's project to standardize additive manufacturing
Additive Manufacturing
Oct 10, 2024
Product updates
Google rolls out ‘Imagen 3’ image-generation model for Gemini users
Foundation Models
Oct 10, 2024
Funding
BaCta raises EUR 3.3 million in pre-seed funding to produce bio-synthetic rubber
Bio-based Materials
Oct 10, 2024
Partnerships
XtalPi's Ailux Biologics licenses AI platform XtalFold to Janssen for biologics discovery and engineering
AI Drug Discovery
Oct 10, 2024
Nov 23, 2020

GigCapital2 to merge with two telehealth firms in USD 1.35 billion SPAC deal

M&A

  • Special purpose acquisition company, GigCapital2 Inc, entered into a business combination agreement with digital health services platform, UpHealth Holdings, and Cloudbreak Health a telemedicine enabler for healthcare providers. The combined digital healthcare company will be named UpHealth.

  • The combined entity will focus on integrated care management, global telehealth, digital pharmacy, and tech-enabled behavioral health solutions. The revenue and EBITDA of the new entity are projected to be around USD 190 million and USD 24 million, respectively, in 2021. The valuation of the combined entity is estimated to be USD 1.35 billion.

  • Following the completion of the merger, UpHealth will deliver digital healthcare in over 10 countries and the combined entity will be listed on the NYSE.

  • GigCapital2 is a special purpose acquisition company that uses proceeds from an initial public offering to acquire private companies, giving private companies an alternative for initial public offerings. GigCapital2 plans to raise $160 million in the form of private investment in public equity to help finance the deal.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.