- Digital health company Babylon Health finalized plans to go private and will combine with digital therapeutics company MindMaze. The combination of Babylon Health and MindMaze will form a “powerful digital-first global AI-driven health care business that will help transform the industry from sick care to predictive and preventative health care,” executives said in a press release. The take-private proposal comes from investment manager AlbaCore Capital, and the transaction provides for a new capital structure with a significant reduction of pro forma company debt. (Article here)
June 26, 2023
M&A | Tea Leaves