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MedCity News
More healthcare startups go public through SPACs but will they succeed?
More healthcare startups are choosing to go public through mergers with special-purpose acquisition companies publicly-traded shell companies created with the purpose of taking a private company public. But as the number of SPACs searching for targets increases, will the SPAC bubble burst?
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From the beginning, Hims & Hers CEO Andrew Dudum had imagined he would take his startup public through a traditional IPO. But last month, the direct-to-consumer health startup ended up taking a different route.
The startup merged with a special-purpose acquisition company formed by Oaktree Capital Management, effectively a shell company that goes public with the purpose of finding and acquiring a target company. The deal netted Hims & Hers a $1.6 billion valuation and $330 million in cash.
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The Biden administration is continuing to lock in leadership at the U.S. Department of Health and Human Services with a handful of new appointments.
At the top of the list is the department s new administrator for the Senate s consideration,
Chiquita Brooks-LaSure. An Obama-era policy official, she was most recently managing director at Manatt Health where she provided policy analysis and strategic advice to healthcare stakeholders across the private and public sectors. She was also deputy director of policy and regulation at the Center for Consumer Information and Insurance Oversight within CMS, and before that director of coverage policy at the Department of Health and Human Services.
JOINT BASE SAN ANTONIO-LACKLAND, Texas (AFNS) The letting of nine European household appliance contracts by two Air Force Installation and Mission Support Center organizations at
Ramstein Air Base , Germany, is expected to save the Air Force roughly $85,000 annually. The collaborative effort between AFIMSC’s Detachment 4 and the Air Force Installation Contracting Center’s 764th Enterprise Sourcing Squadron will provide
United States Air Forces in Europe installations with brand-name European household appliances for on- and off-base housing residents in the United Kingdom, Germany and Italy. Valued at $45.4 million combined, the 10-year Standardized European Household Appliance Contract is expected to net savings by improving customer service and providing a common base of parts and maintenance for appliances at USAFE installations in these countries.
The collaborative effort between AFIMSC’s Detachment 4 and the Air Force Installation Contracting Center’s 764th Enterprise Sourcing Squadron will provide United States Air Forces in Europe installations with brand-name European household appliances for, The official website for the U.S. Air Forces Central.