Mountain Crest Acquisition Corp. III (MCAE) to Combine with ETAO International Group in $2.5Bn Deal

Mountain Crest III (NASDAQ:MCAE) has entered into a definitive agreement to combine with healthcare group ETAO at an enterprise value of $2.5 billion. Beijing-based ETAO is a diversified healthcare group managing 12 hospitals, about 30 chain clinics and an insurance brokerage. The combined company is expected to trade on the NYSE under the symbol “ETAO”
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