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Babylon, A World Leading, Digital-first, Value-based Care Company, Announces Plans To Become A Public Company Via $4.2 Billion Merger With Alkuri Global Acquisition Corp.


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LONDON and NASHVILLE, June 3, 2021 /PRNewswire/ Babylon Holdings Limited ( Babylon ), a world leading, digital-first value-based care company, and Alkuri Global Acquisition Corp. (NASDAQ:KURI)  ( Alkuri Global ), a special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Babylon and plans to trade on Nasdaq under the new symbol BBLN . The transaction reflects an initial pro forma equity value of approximately $4.2 billion. The transaction is expected to close in the second half of 2021.
Babylon was founded in 2013, with the mission to put accessible and affordable quality healthcare in the hands of every person on Earth. Babylon is poised to re-engineer the $10 trillion global healthcare market to better align systemwide incentives and shift the focus from reactive sick care to preventative healthcare, re ....

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