Healthcare technology SPAC AfterNext HealthTech Acquisition prices $250 million IPO

AfterNext HealthTech Acquisition, a blank check company formed by TPG targeting healthcare technology, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

AfterNext HealthTech Acquisition is led by CEO and Chairman Halsey Wise, the former CEO of MedAssets and Integraph; President and Director Anthony Colaluca, the former CFO of MedAssets and Integraph; and CFO Martin Davidson, a Partner and CAO of TPG Capital. The company aims to leverage management's experience to target businesses that lie at the intersection of healthcare and technology.

AfterNext HealthTech Acquisition plans to list on the NYSE under the symbol AFTR.U. Goldman Sachs, Deutsche Bank, and BofA Securities acted as joint bookrunners on the deal.