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Announced

Completed

Healthcare Merger completed the merger with SOC Telemed in a $720m deal.

Financials

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Transaction Value£552m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Public

Friendly

Majority

Merger

Single Bidder

Acquisition

Health Care Services

United States

healthcare

medicine

telemedicine

Private Equity

Domestic

De-SPAC

Synopsis

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Healthcare Merger, a special purpose acquisition company, completed the merger with Warburg Pincus-backed SOC Telemed, a provider of acute care telemedicine, in a $720m deal. Institutional Investors, including funds and accounts managed by BlackRock, Baron Capital Group, and Legg Mason, among others, have committed to private investment of $165m in the common stock of the combined company. "We are pleased to partner with SOC to drive its next phase of growth. SOC operates a scaled and differentiated acute care telemedicine platform. This transaction will enable the company to capitalize on substantial opportunities to expand and grow and benefit from the accelerated adoption of telemedicine as a result of Covid-19," Steve Shulman, Health Merger CEO.

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