HomeNewsBabylon Health startup business to go public via $4.2 bn SPAC deal

Babylon Health startup business to go public via $4.2 bn SPAC deal


Last Updated on 03/06/2021 by Khushi

image courtesy: pharmaphorum

Babylon Health, a digital-first health service provider and value-based care company, on Thursday made claims on having agreed to go public through a merger with a blank-check firm led by former Groupon chief Rich Williams. The valuation of the combined company at a pro forma equity value stands at $4.2 billion with this deal.

Babylon Health combines an artificial intelligence powered platform with that of virtual clinical operations for patients.

Babylon will merge with Alkuri Global Acquisition Corp (KURI.O) and will trade on the Nasdaq under the new ticker symbol “BBLN”.

Khushi is an avid reader and loves analyzing companies in the digital space. Her interest is in online marketing, business, startups, and politics. She does everything perfectly by taking extra time.
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