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Covid-test People wait in line to be tested for COVID-19 at the Convention Center in downtown Baltimore, on Nov. 13, 2020. Photo: Diego M. Radzinschi/ALM

CA Healthcare Acquisition Corp. (CACH), a SPAC looking to invest in growth-oriented companies in the health care industry, found what it was looking for in London-headquartered LumiraDx Limited. The two entities have reached a definitive merger agreement that will list LumiraDx on Nasdaq under “LMDX” and gives the company a valuation of $5 billion. 

Fried, Frank, Harris, Shriver & Jacobson and Goodwin Procter represented LumiraDx in the transaction, while Sidley Austin represented the SPAC. 

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd

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