Announced
Completed
Financials
Tags
Completed
Public
Friendly
Majority
Merger
Single Bidder
Acquisition
Health Care Services
United States
healthcare
medicine
telemedicine
Private Equity
Domestic
De-SPAC
Synopsis
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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