Consumer Direct Holdings and DTRT Health Acquisition announced today that a registration statement on Form S-4 has been filed with the SEC outlining the companies’ proposed merger.
The deal is expected to be completed in the first quarter of 2023.
The transaction is expected to deliver $234 million of cash held in the SPAC’s trust account (assuming no redemptions) and up to $150 million in debt financing, in addition to $99 million of cash on CDH’s balance sheet.
Announced last month, the deal implies an enterprise valuation for the target of $681 million.
Based in Missoula, Montana, Consumer Direct is a national in-home personal care provider offering in-home care assistance and customer service to older adults and people with disabilities who require long-term care and support with activities of daily living. Read more.
