Consumer Direct Holdings to Merge with DTRT Health Acquisition Corp to Become Consumer Direct Care Network
October 20, 2022
Consumer Direct Holdings, Inc. (CDH) entered into a definitive agreement to merge with DTRT Health Acquisition Corp. in a transaction expected to take CDH public and result in the combined company being named Consumer Direct Care Network, Inc., to be listed on Nasdaq. The deal provides growth capital to expand CDH’s in-home personal care footprint, with an implied enterprise value for CDH of about $681 million and expected closing in Q1 2023.
- Buyers
- DTRT Health Acquisition Corp., Grizzly New Pubco, Inc.
- Targets
- Consumer Direct Holdings, Inc.
- Industry
- Healthcare Services
- Location
- Montana, United States
- Transaction Type
- Buyout
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