SPAC

After some called 2020 the “biggest year for IPOs,” analysts predicted the wave of digital health public offerings to last into the new year.
By  Mallory Hackett 11:49 am January 13, 2021
Last year’s surge of digital health companies hitting the stock exchange appears to be continuing into 2021, as both Amwell and Talkspace announced public exit plans this week. First up is Amwell, which announced Tuesday that it has created a proposed public offering to extend 11,280,647 shares of its Class A common stock to the public. Additionally, the underwriters will be given a 30-day option...
An image of Amazon's headquarters
By  MobiHealthNews 02:57 pm January 7, 2021
Alexa, listen to me sleep. Hot on the heels of its Halo fitness, weight and sleep wearable, Business Insider reports that Amazon is also working on a contactless bedside device for tracking sleep apnea. The device in development reportedly uses millimeter-wave radar to watch breathing and movement. Codenamed "Brahms," the tracker is roughly the size of a palm, and would speak with other connected...
By  Dave Muoio 03:20 pm November 30, 2020
The back half of November saw two special purpose acquisition companies (SPACs) announce merger agreements valued at more than $1 billion. First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. The company's common...
By  Dave Muoio 02:29 pm October 22, 2020
Searching for outbreaks. The long and sometimes muddled tradition of predicting outbreak hot spots by analyzing search engine activity has continued into the COVID-19 era, with Mayo Clinic researchers publishing new findings that suggest strong correlations between certain keywords and case reports. In reviewing data from Jan. 22 to April 6, "face mask," "Lysol" and "COVID stimulus check" had the...
By  Mallory Hackett 12:43 pm October 6, 2020
Clover Health, an insurtech company for Medicare Advantage plans, will become publicly traded through a merger with special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. III. The two companies will combine through a mix of cash financing and stock, according to the announcement. The deal rates Clover at an enterprise value of about $3.7 billion and is expected to...
By  Dave Muoio 02:39 pm October 1, 2020
Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree Acquisition Corp. The reverse merger is expected to close in the fourth quarter of 2020, and places the combined entity at a roughly $1.6 billion...