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New Deal


Announced

Completed

Social Capital Hedosophia completed the merger with Clover Health in a $3.7bn deal.

Financials

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Transaction Value£2,854m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales8x
EV/EBITDA20.99x
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Single Bidder

Acquisition

Merger

Health Care Services

Friendly

Majority

United States

Domestic

Private

medicare solutions

Private Equity

Completed

De-SPAC

Synopsis

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Social Capital Hedosophia Holdings III, a special purpose acquisition company managed by Social Capital Hedosophia, completed the merger with Clover Health, an American healthcare company, in a $3.7bn deal. “Today marks an important milestone in Clover Health’s mission to improve every life by enabling improved clinical decision making and achieving affordability in healthcare in the US. As a public company, we will continue to pioneer a fundamentally different approach in the Medicare Advantage and Medicare space – investing in technology and partnering closely with physicians to help them make critical decisions for their patients at the point of care – with an overarching commitment to creating value for all stakeholders,” Vivek Garipalli, Clover Health CEO and Co-Founder.

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