🫠The great SPAC experiment: How digital health bet big and lost bigger
Plus: Healthcare's Era Tour
In 2020, as the pandemic forced healthcare to digitize faster than ever before, digital health companies rushed toward special purpose acquisition companies (SPACs) as a fast track to public markets. The promise was enticing: quicker access to capital and less regulatory scrutiny than traditional IPOs.
But this shortcut to Wall Street ended in disaster. …