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New Deal


Announced

Completed

LumiraDx went public via SPAC merger with CA Healthcare Acquisition in a $3bn deal.

Financials

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Transaction Value£2,193m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales36x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Cross Border

United Kingdom

Merger

medical technology

Friendly

Medical Equipment

De-SPAC

Reverse Takeover

Private

Majority

Completed

Synopsis

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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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