Cloudbreak Health Completes SPAC, merges with UpHealth

Cloudbreak Health完成SPAC,与UpHealth合并

2021-06-24 14:51 multilingual

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Cloudbreak Health, a telehealth company specializing in remote interpreting services, announced on June 15 the completion of its special purpose acquisition company (SPAC) transaction with UpHealth, another company that provides telehealth services. In their announcement, the companies noted that this merger creates one of the only profitable and publicly traded global digital health companies. (Courtesy of Cloudbreak Health) “This combination furthers our mission by providing healthcare solutions enabling equitable access to inclusive care for diverse populations,” said former chief executive officer of Cloudbreak and president of UpHealth, Jamey Edwards. “This is about pioneering new care models and empowering clinical teams globally to deliver high quality healthcare for all patients anytime, anywhere, on any device and in any language.” Based in Los Angeles, Cloudbreak first began offering interpreting services through video-based carts, however it has since expanded to offer numerous other medical interpreting services, including, but not limited to, telepsychiatry, telestroke services, and remote patient monitoring. The company announced in November that it would be undergoing an SPAC transaction, which was approved June 4. The combined company now works under the name of UpHealth, and is traded on the New York Stock Exchange under the symbol “UPH.” As defined by CNBC, an SPAC is a sort of “shell company set up by investors with the sole purpose of raising money through an IPO to eventually acquire another company.” CNBC notes that SPACs have become a relatively prominent trend on Wall Street in recent years. “With the completion of our business combinations, we are now in the position to accelerate the expansion of our unique digital care management model,” said Dr. Ramesh Balakrishnan, CEO of UpHealth Holdings. “With access to significant growth capital allowing us to rapidly deploy our solutions that connect the dots across the care continuum, UpHealth, Inc., as a public company, will have a stronger capital structure and a public currency to drive both organic and inorganic growth strategies.”
专注于远程口译服务的远程保健公司Cloudbreak Health于6月15日宣布完成其与另一家提供远程保健服务的公司UpHealth的特殊目的收购公司(SPAC)交易。在他们的公告中,两家公司指出,这次合并创造了唯一盈利和公开交易的全球数字健康公司之一。 (云破健康提供) Cloudbreak公司前首席执行官兼UpHealth公司总裁杰米·爱德华兹说:“通过提供医疗保健解决方案,为不同人群提供公平的包容性医疗服务,这一结合进一步推进了我们的使命。这是关于开拓新的护理模式,并赋予全球临床团队以能力,随时随地,在任何设备上,以任何语言为所有患者提供高质量的医疗保健。“ Cloudbreak总部位于洛杉矶,最初开始通过基于视频的手推车提供口译服务,但此后它扩展到提供许多其他医疗口译服务,包括但不限于,远程精神病治疗,远程催眠服务和远程患者监控。该公司在11月宣布,它将进行一项SPAC交易,该交易已于6月4号获得批准。合并后的公司现在以UpHealth的名义运作,并在纽约证券交易所以“UPH”的符号进行交易。 根据CNBC的定义,SPAC是一种“投资者成立的空壳公司,其唯一目的是通过IPO募集资金,最终收购另一家公司”,CNBC指出,SPAC近年来已成为华尔街一种比较突出的趋势。 UpHealth控股公司首席执行官Ramesh Balakrishnan博士说:“随着我们业务合并的完成,我们现在能够加速扩展我们独特的数字护理管理模式。UpHealth公司作为一家上市公司,将拥有更强大的资本结构和公共货币,以推动有机和无机增长战略。“

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