By JESSICA DaMASSA, WTF HEALTH
One other digital care firm hits the New York Inventory Change as UpHealth ($UPH) emerges from the mixed merger of UpHealth Holdings and Cloudbreak Well being with the GigCapital2 SPAC. We’ve received UpHealth’s CEO Ramesh Balakrishnan and President Jamey Edwards right here on “Itemizing Day” to catch us up on the strategic developments and integrations which have occurred since UpHealth’s SPAC IPO was first introduced on the finish of 2020.
You may keep in mind this deal because the one which introduced collectively six totally different firms throughout 4 of the quickest rising areas of digital well being: international telehealth, built-in care administration, digital pharmacy, and behavioral well being. The story there’s nonetheless the identical, however the worth proposition across the mixed providing has gelled. UpHealth views itself as a accomplice to native healthcare suppliers world wide who want a hand constructing the built-in digital care mannequin wanted to satisfy rising affected person calls for and financial realities of a “digitally reworked” healthcare expertise. How is that this totally different than what we’re seeing from different publicly-traded telehealth firms like Amwell, Teladoc, and Hims? Or, what about these telehealth-empowered retail giants like Amazon, Walmart, and CVS Well being who, like UpHealth, see a number of upside within the duality of each making care extra handy digitally, whereas additionally seamlessly integrating with native in-person care facilities? We’ve received all of the speak you’ll need about UPH’s positioning, enterprise mannequin, income steerage (nonetheless $180M-190M for 2021) AND even some consumer title dropping (Amazon? Actually?!) because the inventory hits the market.
Bonus: Wish to go deeper into this deal? For extra on UpHealth, take a look at our earlier chat with Chairman Chirinjeev Kathuria, Jamey Edwards, and Al Gatmaitan from February 2021. The hyperlink is correct right here: https://youtu.be/50PIVdUjnPU