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Digital care company Babylon plans to go public with SPAC merger


Digital care company Babylon plans to go public with SPAC merger
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Digital care company Babylon plans to go public with SPAC merger
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The digital-first, value-based care company Babylon on Thursday said it plans to go public through a special purpose acquisition corporation merger with Alkuri Global Acquisition Corp.
Babylon is one of many companies to jump on the burgeoning trend of partnering with a SPAC to hold an initial public offering.
As of April 2021, SPACs have acquired companies and raised capital in 313 IPOs, in comparison to 248 IPOs throughout 2020, according to Statista. ....

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Microsoft Is Spending $16 Billion to Beat Google, Amazon in Healthcare


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Microsoft is buying Nuance Communications to bulk up its healthcare services. 
Nuance is best known for conversational AI that helps doctors with notes. 
Microsoft stands to work with more than half of US physicians when the deal goes through.
Microsoft is buying Nuance Communications to supercharge its healthcare services, the companies announced on Monday. 
The deal, which is expected to close by the end of 2021, is the second-largest in Microsoft s history after LinkedIn, valued at $16 billion, or $19.7 billion counting Nuance s debt. Nuance is best known for its conversational AI tools, one of which records and transcribes doctors conversations with patients, creating notes that can go straight into people s existing medical records.  ....

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