Wednesday, June 16, 2021

Cloudbreak Health Merges With UpHealth, Now On NYSE

Los Angeles-based telehealth provider Cloudbreak Health has merged with Uphealth, Inc. and UpHealth Holdings, Inc., and is now trading on the NYSE as UPH, the company announced this morning. Financial details of the merger were not announced. According to the companies, Cloudbreak will now be known as Cloudbreak Health, an UpHealth company. Cloudbreak Health was backed by Kayne Partners. CloudBreak Health got its start providing remote language interpreting services via video-based carts in hospitals, but since then has expanded to offer up telepsychiatry, telestroke, tele-quarantine, remote patient monitoring, and other services to hospitals. Cloudbreak is just one of many local companies to hit the public markets via a special purpose acquisition company (SPAC) in the last two years.