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Digital Health Start-Ups Continue To Be Attractive SPAC Targets

 
• By Marion Webb

According to Rock Health, 52 health-care focused SPACs are looking for targets. This comes as blank check companies are facing rising scrutiny by regulators.

Waverider

Only three and a half months into 2021, and special purpose acquisitions companies (SPACs) are officially a “hot” exit vehicle for digital health companies, according to an analysis by Rock Health.

SPACs are publicly traded shell companies that are looking for a target company to take public and they have recently become a hot alternative for traditional initial public offerings. Digital health companies, which have seen rising demand since the start of the pandemic, “have been the target of 13 completed or announced SPAC mergers over the last 15 months, with 11 of these completed or set to close in 2021,” according to the report

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