The Fosun-backed ultrasound scanner provider will take Longview Acquisition Corp's NYSE spot, with the combined company to be valued at $1.5bn.
Butterfly Network, a US-based handheld ultrasound scanner producer backed by diversified conglomerate Fosun, has agreed a reverse merger with special purpose acquisition company Longview Acquisition Corp.
The transaction will value the combined companies at $1.5bn and Butterfly will take the New York Stock Exchange (NYSE) listing secured by Longview in a $360m initial public offering in May this year.
The deal will be boosted by $175m in financing anchored by care providers Tenet Healthcare Corporation and UPMC (through UPMC Enterprises),…
