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Former Medtronic CEO Omar Ishrak leads health care company seeking $750M IPO


Former Medtronic CEO Omar Ishrak leads health care company seeking $750M IPO
Medtronic interested in buying 1.5 million shares of the company, Compute Health. 
January 20, 2021 9:40pm
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Former Medtronic CEO and current Intel Chairman Omar Ishrak is one of the leaders of a new health-tech company that has filed for a $750 million initial public offering.
Compute Health Acquisition Corp. is what is called a blank check company, hoping to build itself by investing or buying businesses that are at the intersection of computation and health care.
Compute Health could start with strong ties to the company Ishrak led as CEO from 2011 to last spring. Medtronic has expressed interest in buying 1.5 million units in the IPO, according to a filing with the Securities and Exchange Commission. ....

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Intel Chairman Planning Up to $1 Billion Health-Tech SPAC IPO


Intel Chairman Planning Up to $1 Billion Health-Tech SPAC IPO
Bloomberg
1/19/2021
Manuel Baigorri, Dinesh Nair and Crystal Tse
© Bloomberg
Omar Ishrak, chairman and chief executive officer of Medtronic Inc., looks on during the Boao Forum for Asia Annual Conference 2017 in Boao, China, on Sunday, March 26, 2017. The annual event sees business and political leaders come together and runs from March 23 to 26.
(Bloomberg) Intel Corp. Chairman Omar Ishrak is planning to raise funds for a blank-check firm targeting deals in the health technology sector, according to people with knowledge of the matter.
Ishrak, who previously ran medical device giant Medtronic Plc, could file public registration documents with the U.S. Securities and Exchange Commission as soon as Tuesday, the people said, asking not to be identified because the information is private. Ishrak is targeting to raise about $750 million to $1 billion for the special purpos ....

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