SPAC Future Health ESG (NASDAQ:FHLT) has terminated its planned merger with digital health company Excelera.
Future Health said in a filing that it sent a termination letter to Excelera on Oct. 31. It didn't specify why it terminated the deal.
Excelera is a provider of AI-based care management tools to help physicians succeed in Medicare value-based delivery programs.
The companies announced the merger in June, with the deal estimating the combined company's enterprise value at $459M.