SPAC
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The deal values 23andMe at approximately $3.5 billion through the combination of stock and cash financing.
Reuters' reports also highlighted Sharecare's now confirmed acquisition of healthcare AI startup, doc.ai.
The deal has brought the consumer telehealth and wellness company approximately $280 million in proceeds that it will use to grow and invest in new product categories.
After some called 2020 the “biggest year for IPOs,” analysts predicted the wave of digital health public offerings to last into the new year.
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Butterfly's cash reserve grows while it aims to expand its business. UpHealth, meanwhile, is bringing telehealth, telepsychiatry, digital pharmacy and integrated care management under one roof.
Also: Google reportedly coming to terms with European Commission on Fitbit deal; Eko and 3M's digital stethoscope.
The deal rates Clover at an enterprise value of about $3.7 billion and is expected to close in early 2021.
The newly announced deal is expected to close in Q4 2020, and values the direct-to-consumer telehealth company's combined entity at $1.6 billion.