DTRT Health Acquisition, a blank check company targeting home and community based healthcare services, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Mark Heaney, who previously served as the CEO of Addus HomeCare (Nasdaq: ADUS), leading the company through its 2009 IPO. He is joined by CFO and Director Don Klink, who currently serves as the CFO of United Dental Partners. The company plans to leverage management's experience to target the healthcare industry, specifically home and community based healthcare services, which may include home health, personal and private duty care, and home-based therapy, among other areas.
DTRT Health Acquisition plans to list on the Nasdaq under the symbol DTRTU. Cantor Fitzgerald acted as sole bookrunner on the deal.
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