Announced
Completed
Financials
Tags
Acquisition
Single Bidder
Cross Border
United Kingdom
Merger
medical technology
Friendly
Medical Equipment
De-SPAC
Reverse Takeover
Private
Majority
Completed
Synopsis
LumiraDx, a point of care diagnostics testing company, went public via a merger with CA Healthcare Acquisition, a special purpose acquisition company traded on Nasdaq, in a $3bn deal. “Ron and his management team have decades of entrepreneurial success in innovative diagnostics businesses and the LumiraDx Platform and testing menu offer healthcare providers and other customers major advantages over traditional central labs. LumiraDx has a clear strategy for addressing the large and underpenetrated testing market to increase next-generation POC market share. In the near-term, demand for fast, low-cost Covid-19 tests is driving strong and transformational growth for LumiraDx’s solutions,” Larry Neiterman, CAHC Chairman and CEO.
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