GigCapital2, Inc. completed its previously announced business combinations with UpHealth Holdings, Inc. and telehealth provider Cloudbreak Health, LLC. GigCapital2 stockholders approved the combinations on June 4, 2021. The combined company has changed its name to UpHealth, Inc., and its common stock and warrants will began trading on the New York Stock Exchange under the new symbols “UPH” and “UPH.WS,” respectively, on June 10, 2021.
With the business combination complete, UpHealth now has access to significant growth capital. UpHealth’s Chief Executive Officer (CEO) Ramesh Balakrishnan, Ph.D., said, “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.” Cloudbreak Health’s CEO Jamey Edwards said the UpHealth digital health solutions will be deployed to the Cloudbreak Health clinical teams worldwide with the goal of “delivering a more engaging and satisfying health care experience, pioneering new care models and moving health care to how it should be: caring, connected and cost effective.”
UpHealth is a digital health technology and tech-enabled services platform that helps provider organizations, health systems, payers manage care for people with complex medical, behavioral, and social needs, while improving access to primary care.
Cloudbreak Health introduced video remote interpreting (VRI). Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including telepsychiatry, telestroke, tele-quarantine, remote patient monitoring, and other specialties.
GigCapital Global is a Private-to-Public Equity (PPE) technology, media, and telecommunications (TMT) focused investment group led by an affiliated team of technology industry corporate executives and entrepreneurs, and TMT operational and strategic experts in the private and public markets, including substantial, success-proven mergers and acquisitions and initial public offering (IPO) activities. It operates special purpose acquisition companies (SPAC), such as GigCapital2, and each provides financial, operational, and executive mentoring to companies seeking to become publicly traded in the United States.
This was reported by GigCapital2, Inc. on June 9, 2021.
Contact information: Sean Leous, Media Contact, Westwicke for UpHealth, 14000 S. Military Trail, Suite 203, Delray Beach, FL 33484; 646-866-4012; Email: email@example.com; Website: https://uphealthinc.com/
Contact information: Seth Lawton, Senior Manager, Marketing and Communications, Cloudbreak, 898 N. Sepulveda Blvd., Suite 500, El Segundo, CA 90245; 614-545-8851; Email: firstname.lastname@example.org; Website: https://www.cloudbreak.us