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SPAC Future Health terminates planned merger with Excelera

Nov. 01, 2022 2:11 PM ETFuture Health ESG Corp. (FHLT) StockBy: Val Brickates Kennedy, SA News Editor

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Dzmitry Dzemidovich

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.

 

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