September 23, 2023


Healthy Life

Clearday and Viveon Well being Merge to Create Longevity Care Firm

2 min read
Clearday and Viveon Health Merge to Create Longevity Care Company

What You Ought to Know:

– Clearday, an modern longevity know-how firm utilizing an built-in platform of robotic companion care and AI-driven know-how to serve the senior grownup care sector, and Viveon Well being Acquisition Corp., a particular objective acquisition (SPAC) firm have entered right into a definitive merger settlement.

– The mixed firm’s professional forma fairness valuation (assuming no share redemptions) is predicted to be roughly $370M. VHAQ at the moment has $20M held in a belief account at Morgan Stanley with Continental Inventory Switch & Belief Firm performing as trustee, which was established in reference to VHAQ’s IPO.

– Below the phrases of the proposed transaction, VHAQ will difficulty 25 million shares to safety holders of Clearday. Clearday safety holders may additionally obtain as much as an extra 5 million earn out shares (“Firm Earn Out Shares”) if the corporate achieves profitability for a 12 month interval inside the first 5 years after the closing of the transaction.

Clearday Background

Clearday is transitioning from proudly owning and working senior-care amenities right into a high-growth know-how enterprise serving the large, urgent, and costly longevity care disaster going through our getting older inhabitants. The Firm’s care resolution is a mix of AI-enabled robotics and software program, delivered in a Platform-as-a-Service that may be a drop-in modernization resolution for current resident care amenities which improves affected person outcomes, will increase workers effectivity, and unlocks premium income alternatives for operators.

Clearday has positioned itself to change into the trade’s API for getting older in place, able to increasing throughout the getting older continuum to satisfy affected person wants in residential care and expert nursing amenities, and ultimately as they age at dwelling. Solely Clearday’s platform integrates the required autonomous companionship, care intelligence, and affected person information platform to handle the challenges within the large longevity care house.

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