SC Health Corp. (SCPE) to Combine with Rockley Photonics in $1.2Bn Deal

SC Health (NYSE:SCPE) has entered into a definitive agreement to combine with smart materials-maker Rockley Photonics at an enterprise value of $1.2 billion, or 1.1x its 2024E revenue. Rockley photonics makes semiconductors that can be incorporated into silicone to take medical readings through materials like watchbands or other wearables. The combined company is expected to
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