Compute Health SPAC raises $862M
Compute Health Acquisition Corp. (NYSE: CPUH.U, CPUH & CPUH WS) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On February 9, 2021, Compute Health closed its initial public offering of $862.5 million.
The company is led by the management team of Omar Ishrak, Jean Nehmé and Joshua Fink. The company’s strategy is to focus on healthcare businesses that are already leveraging or have the potential to leverage computational power, with an emphasis on companies in the medical device space, including imaging and robotics.
Compute Health is also interested in companies operating in the virtual care space, including telehealth, care delivery and next-generation payor and provider models. The company believes that the knowledge, experience and expertise of both its management team and its directors will add significant value to this space.
The efforts of the company to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region.