The new SPAC intends to focus on healthcare and pharmaceutical companies in the e-clinical, healthcare information technology or outsourced pharmaceutical services industries with high AI readiness and technological transformation potential. Healthcare AI is led by CEO and Chairman Simon Cottle and CFO Patrick Hargutt.
Total SPAC deal count for 2021 year-to-date is now 590. This offering is expected to close on Tuesday, December 14.
Citigroup and Jefferies are acting as the joint book-running managers of the offering. Kirkland & Ellis International LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.