Digital Health Acquisition today announced that it has signed a definitive agreement to acquire VSee Lab, a telehealth software company, and iDoc Telehealth, a neurocritical care and intensive care telehealth provider.
The newly merged company will bring together the organizations and leadership teams of San Jose, California-based VSee, and Houston-based iDoc with the Nasdaq-listed SPAC.
Terms on the deal were scant in the news release. The SPAC raised $115 million in an IPO last November.
If approved, upon closing the renamed company, VSee Health, would be listed on the Nasdaq under proposed new ticker symbol VSEE. The transaction is expected to close in the third quarter, resulting in a valuation of approximately $110 million for the combined entity. Read more.
