Custom Health to Go Public Via SPAC at USD $185 Million Valuation
December 22nd, 2023 By Bailey Lipschultz
Custom Health Inc., a digital healthcare firm, is going public in a merger with a blank-check company at a pre-money equity valuation of USD $185 million.
The transaction with Berenson Acquisition Corp. I will provide the firm with the $11.1 million in trust that the special-purpose acquisition company holds, assuming no redemptions, as well as potential additional financing, according to a person familiar with the matter. Proceeds from the deal will be used to fuel organic growth and allow Custom Health to continue its add-on acquisition strategy, the person said.
Read the full article here: Custom Health to Go Public Via SPAC at USD $185 Million Valuation (Bloomberg.com)