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Diagnostic Company LumiraDX Goes Public In $5Bn SPAC Merger

 
• By Marion Webb

LumiraDX secured $400m in new debt financing and will use all proceeds to fund growth.

SPAC

Diagnostic company LumiraDX announced it will merge with blank check company CA Healthcare Acquisition Corp. in a deal that is valued at $5bn.

The deal, announced on 7 April, is the largest health care special purpose acquisition company (SPAC) deal of the past year, according to data compiled by Bloomberg.

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Handheld Diagnostics: A Resurging Category That is Here to Stay

 
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