UpHealth Holdings’ Merger With GigCapital2

UpHealth Holdings' Merger With GigCapital2

Husch Blackwell LLP advised UpHealth Holdings, Inc. on the deal.

UpHealth Holdings, Inc., an innovative digital health company, announced its agreement to combine with GigCapital2, a special purpose acquisition company (SPAC). Concomitant with this transaction, GigCapital2 also entered into a definitive business combination agreement with Cloudbreak Health LLC, a leading unified telemedicine and video medical interpretation solutions provider. The fully combined company, which will be named UpHealth, will be one of the only profitable, publicly traded, comprehensive global digital healthcare companies and will have a pro forma enterprise value of approximately $1.35 billion. The combined company will continue to be listed on the New York Stock Exchange under the new ticker symbol UPH. The proposed combinations are expected to be completed in the first quarter of 2021, subject to, among other things, stockholder approval, regulatory approvals and the satisfaction or waiver of customary closing conditions.

Following the combination, UpHealth will be a leading global digital healthcare company serving an entire spectrum of healthcare needs, organized across four capabilities at the intersection of population health management and telehealth: Integrated Care Management, Global Telehealth, Digital Pharmacy, and Tech-enabled Behavioral Health.

The Husch Blackwell team was led by Kate Bechen and also included Steve Laabs, Fang Shen, Robin Lehninger, Remy Fesquet and Albert Lin.

Involved fees earner: Kate Bechen – Husch Blackwell LLP; Remy Fesquet – Husch Blackwell LLP; Steven Laabs – Husch Blackwell LLP; Robin Lehninger – Husch Blackwell LLP; Albert Lin – Husch Blackwell LLP; Fang Shen – Husch Blackwell LLP;

Law Firms: Husch Blackwell LLP;

Clients: UpHealth Holdings, Inc.;


Author: Ambrogio Visconti