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Announced

Completed

The Oncology Institute went public via a SPAC merger with DFP Healthcare Acquisitions in an $842m deal.

Financials

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Transaction Value£606m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5x
EV/EBITDA148x
Share Price Premium-
One Off Charge-

Tags

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oncology care

Domestic

Single Bidder

Acquisition

Friendly

De-SPAC

Health Care Services

Majority

Reverse Takeover

Private

United States

Private Equity

Completed

Merger

Synopsis

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The Oncology Institute, a provider of value-based oncology care, went public via a SPAC merger with DFP Healthcare Acquisitions, a special purpose acquisition company sponsored by Deerfield Management Company and Richard Barasch, a veteran healthcare public company executive and investor, in an $842m deal. "The Oncology Institute is disrupting the status quo in cancer care, and we are pleased to assist them in continuing their mission of broadening access to high quality, value-based care. Brad and his team have created a scalable, replicable model with difficult-to-duplicate capabilities that facilitate rapid expansion. We believe that their high-touch, data-driven approach to cancer care represents the model of the future. This business combination will create a well-capitalized company that is poised to expand organically, through accretive M&A activity, and via strategic payor relationships," Richard Barasch.

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