VSAC /
Convergence CT, Inc.
VSAC proposes business combination with Convergence CT, Inc.
What happened
VSAC has entered into a non-binding letter of intent to combine with Convergence CT, Inc. The proposed transaction would give VSAC direct or indirect ownership of all of the company’s outstanding equity.
The stated consideration is US$135 million, including an upfront equity transfer and earn-out shares. Convergence CT, Inc. provides technologies for managing big data and specializes in smart hospital information systems and hospital workflow optimization.
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VSAC proposes business combination with Convergence CT, Inc.
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