GigCapital2 announced that it has entered into two separate definitive business combination agreements with each of UpHealth Holdings, Inc. (UpHealth) and Cloudbreak Health, LLC, (Cloudbreak) to form a combined entity intended to create profitable, publicly traded, comprehensive global digital health care companies. Upon the closing of the transaction, the combined company will be named UpHealth, Inc. and will continue to be listed on the New York Stock Exchange under the new ticker symbol “UPH”.
Following the combination, UpHealth will be a global digital health care company serving an entire spectrum of health care needs and will be established in sectors of the digital health industry. UpHealth provides an integrated platform of technologies and tech-enabled services essential to personalized, affordable, and effective care. UpHealth’s platform provides health systems, payer organizations, and consumers with evidence-based care, workflows, and services. Upon closing the pending mergers and the combination with Cloudbreak, UpHealth will be organized into four service lines in population health management and telehealth: Integrated Care Management, Global Telehealth, Digital Pharmacy, and Tech-enabled Behavioral Health. Dr. Chirinjeev Kathuria and Dr. Avi Katz will serve as co-chairmen of the board of directors of UpHealth, which will include an additional 7 members.
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 M&A and IPO activities.
This was reported by GigCapital2 on November 23, 2020.
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