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Announced

Completed

Babylon went public via a merger with Alkuri Global Acquisition in a $3.6bn deal.

Financials

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Transaction Value£2,536m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales49x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Acquisition

Private

Single Bidder

Cross Border

United Kingdom

health services

Health Care Services

De-SPAC

Majority

Merger

Friendly

Completed

Synopsis

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Babylon, a digital-first value-based care company, went public via a merger with Alkuri Global Acquisition, a special purpose acquisition company, in a $3.6bn deal. "We founded Babylon on a fundamental belief, that it is possible to make quality healthcare accessible and affordable for every person on earth by combining the latest in technology and the best in medical expertise. We have achieved one of the highest growth rates every year since our inception, with consistently high clinical outcomes and patient satisfaction. Becoming a public company is just another step in our journey. We are at the very beginning of our work to re-imagine our sector, to make it digital-first and prevention-first and shift the focus away from sick care to true health care," Ali Parsa, Babylon Founder and CEO.

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